Aruba Networks (ARUN) was the first of the stock upgrades, as Needham upgraded ARUN from “hold” to “buy.” The price target of ARUN is set at $24.
Needham also upgraded Gamestop (GME) from a “hold” to “buy.” GME stock is set at a price target of $60.
A few other notables did not get stock upgrades, but did get altered price targets and reiterated coverage.
For example, Monness Crespi & Hardt reiterated Spectrum Brands (SPB) “buy” rating but upped its price target from $78 to $85.
At the same time, the recently troubled Liquidity Services (LQDT) was reiterated as a “buy” but its price target fell from $33 to $27, as noted by The Benchmark Company.