ValueClick, Inc. (NASDAQ:VCLK) shares soared 7.40% to $13.22 following the stock was upgraded by Benchmark to “Buy” from “Hold.” The firm lifted the price target by $4 to $15.
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Benchmark analyst says, "We upgrade ValueClick to Buy as Google Instant (Nasdaq: GOOG) could drive a surge in affiliate marketing traffic while possibly aiding ValueClick’s comparison shopping sites. We think Street consensus estimates for ValueClick’s 2H10 are too low, and raise our already above-consensus forecast. Given the recent stabilization in ValueClick’s operations, its strong balance sheet, and modest EBITDA multiple, we view the risk/reward as favorable."
Best Buy Co., Inc. (NYSE:BBY) are seeing buying pressure following Oppenheimer rerated the stock from Perform to Outperform and raised the price target by $7 to $45.
Best Buy Co., Inc. is a multinational retailer of consumer electronics, home office products, entertainment software, appliances and related services. It operates in two segments: Domestic and International.
Shares of BBY are up 0.77% to $37.44.
Shares of Research In Motion Limited (USA) (NASDAQ:RIMM) are seeing increased buying pressure following Societe upped the company’s rating to “Buy” from “Sell.” The firm boosted the price target by $6 to $57.
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The median Wall Street price target on the stock is $69.50 and the high target is set at $105 with majority of analysts have a Buy rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $49.27 and $60.60 respectively.
Shares of RIMM fell 2.61% to $45.50 on very heavier than the average volume.
Shares of CarMax, Inc (NYSE:KMX) surged 3.10% to $24.38 following Wells Fargo upgraded the stock to Outperform from market and lifted the valuation range from Weight $24-26 to $28-29.
Wells analyst says, "CarMax has the most consumer-friendly model in auto retailing, with unique competitive advantages and the opportunity to grow its store base by 3x. We also see a half dozen incremental opportunities for CarMax which don't get much airtime on the Street and are generally not yet reflected in our estimates." Medicis
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