3 Stocks With Upgrades: SYMC, LIFE, HRS
NEW YORK (
) -- These stocks received upgrades to buy from
TheStreet Ratings
on Friday:
Symantec
(SYMC) - Get Report
,
Life Technologies
(LIFE) - Get Report
and
Harris
(HRS)
.
Symantec
The security software company reported a third-quarter revenue increase of 7% from the previous year to $1.72 billion. Third quarter GAAP profit increased 82% from last year to $132 million, or 32 cents a share.
Symantec was upgraded to a
on Friday.
"The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, attractive valuation levels, expanding profit margins and notable return on equity,"
TheStreet Ratings
wrote. "We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Symantec gets a B- grade from
TheStreet Ratings
and a
price target. Shares closed at $16.88 on Thursday.
Life Technologies
The life sciences company is scheduled to report fourth-quarter earnings on Feb. 7. Analysts, on average, expect profit of $1.04 a share on $967.82 million in revenue.
Life Technologies was upgraded to a
on Friday.
TheStreet Ratings
gives Life Technologies a B grade with a
price target. Shares closed Thursday at $49.08.
Harris
The communications and IT company is scheduled to report second-quarter earnings on Jan. 31. Analysts, on average, expect profit of $1.19 a share on $1.51 billion in revenue.
Harris was upgraded to a buy from a hold on Friday.
Harris gets a B grade from
TheStreet Ratings
and a
price target. Shares closed Thursday at $39.25.
-- Written by Alexandra Zendrian
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