LinkedIn, Panera Bread, Micron Technology Gain Upbeat Analysts’ Calls

In Wednesday's Analysts' Actions, TheStreet highlights upbeat comments on LinkedIn (LNKD), Panera Bread (PNRA), and Micron Technology (MU). Analysts at Barclays upgraded shares of professional networking site LinkedIn to OVERWEIGHT from EQUAL WEIGHT with a higher price target of $250 from $225. The firm believes that the issues from the first quarter are cyclical and not structural. Analysts at Piper Jaffray upgraded restaurant chain Panera Bread by two notches to OVERWEIGHT from UNDERWEIGHT, pointing to the company’s stable revenue and profitability trends. The firm also hiked its price target to $200 from $140. And finally, Drexel Hamilton issuing an upbeat note on Micron Technology. The firm upgraded the chipmaker to HOLD from SELL and set a higher price target of $19 price target. TheStreet's Kurumi Fukushima reports in New York.