Research Analysts’ Upgrades for January, 3rd (MS, MSEX, MSM, MTLS, MTZ, MUX, MXWL, MYRG, NAVG, NBTB)

Research Analysts’ upgrades for Wednesday, January 3rd:

Morgan Stanley (NYSE:MS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $59.00 price target on the stock. According to Zacks, “Morgan Stanley's shares have outperformed the industry in 2017. The performance was supported by the company’s impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all the trailing four quarters. The company’s efforts to lower balance sheet risk and strengthen wealth management operations along with its cost saving initiatives (Project Streamline) will continue to support profitability. Given a solid capital position, it will likely enhance shareholder value through efficient capital deployment activities. However, continued fall in net interest income and overall trading woes are expected to hurt the company’s growth in the near term.”

Middlesex Water (NASDAQ:MSEX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $45.00 target price on the stock. According to Zacks, “Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes. “

MSC Industrial Direct (NYSE:MSM) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $108.00 price target on the stock. According to Zacks, “MSC Industrial Direct Co., Inc., together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company’s MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. It offers approximately 1,000,000 stock-keeping units through its master catalogs; weekly, monthly, and quarterly specialty and promotional catalogs; brochures; and the Internet, such as its Websites comprising mscdirect.com and use-enco.com. The company serves primarily through its distribution network of 85 branch offices and 12 customer fulfillment centers. “

Materialise (NASDAQ:MTLS) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Materialise NV is a provider of Additive Manufacturing (AM) software solutions and sophisticated 3D printing services in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer products. The Company specializes in preparation of 3D prototypes for manufactures, software development, biomedical research, and online services. It is also engaged in the development of solutions for orthopedics, biomedical software and engineering, and printing of cardiovascular models. Materialise NV is headquartered in Leuven, Belgium. “

MasTec (NYSE:MTZ) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $56.00 price target on the stock. According to Zacks, “MasTec raised 2017 guidance to revenues at $6.3 billion, adjusted EBITDA at $630 million and adjusted earnings per share of $2.80. Backed by significant large project wins, MasTec expects year-end backlog at record levels, above $6 billion. Significant expansion related to both 5G and fiber deployment will benefit its wireless abd wireline businesses in the Communications segment. In the Power Generation segment, bidding activity will boost revenues while operational improvements carried out in the past will drive margins. The Electrical Transmission business is set for an improved 2018 and going through a transformational phase currently. A strong pipeline business will drive the Oil & Gas segment. MasTec outperformed the industry over the past year.”

McEwen Mining (NYSE:MUX) (TSE:MUX) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “U.S. GOLD CORP. is primarily engaged in the precious metal mining business in the continental United States, however, it may also evaluate properties outside the United States. “

Maxwell Technologies (NASDAQ:MXWL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $6.50 target price on the stock. According to Zacks, “Maxwell continues to lead the growing ultracapacitor market and benefits from increasing demand for its utility infrastructure, renewable energy, public transportation and space programs. The company’s Nesscap Energy buyout in 2017 is expected to further boost its ultracapacitor business.  It is also making progress in the high-voltage capacitor market. This product line provides the company’s foundational cash flow and also the opportunity for steady long-term growth in the solid $150 million addressable market by 2021. Further, research and development forms an integral part of the company’s growth strategy. This may have led the company to outperform its broader industry in last three months. However, short-term changes in the Chinese government’s deployment strategy for wind turbines are affecting Maxwell’s wind market revenues.”

MYR Group (NASDAQ:MYRG) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. Zacks Investment Research currently has $41.00 price target on the stock. According to Zacks, “MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates through two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility and the renewable energy industries. The Commercial and Industrial segment provides services, such as design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting. This segment offers its services for airports, hospitals, data centers, hotels, stadiums, convention centers, manufacturing plants etc. “

Navigators Group (NASDAQ:NAVG) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $55.00 price target on the stock. According to Zacks, “The Navigators Group, Inc. is a holding company with twelve active wholly owned subsidiaries. They primarily write marine, onshore energy, engineering and construction insurance, and a contractors’ general liability program. As underwritten by Navigators, marine insurance includes hull, energy, liability and cargo; onshore energy primarily covers property damage with an emphasis on the oil and petrochemical sectors; and engineering and construction primarily covers construction projects including machinery, equipment and loss of use due to delays. “

NBT Bancorp (NASDAQ:NBTB) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. The firm currently has $42.00 price target on the stock. According to Zacks, “NBT BANCORP INC. is a one bank holding company engaged in general banking business. “

New Media Investment Group (NYSE:NEWM) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $19.00 target price on the stock. According to Zacks, “New Media Investment Group, Inc. is an online advertising and digital marketing company. The company’s core products include daily newspapers; weekly newspapers; locally focused Websites; mobile sites and yellow page directories. Its print and online products provide local market news and information that covers various topics, such as local news and politics, community and regional events, youth sports, opinion and editorial pages, and local schools. It also invests in diversified portfolio of local media assets. New Media Investment Group Inc. is based in New York. “

Nice (NASDAQ:NICE) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $103.00 target price on the stock. According to Zacks, “NICE Ltd. provides enterprise software solutions. Its operating segment consists of Customer Interactions Solutions, Financial Crime and Compliance Solutions. The Company’s solutions include integrated, multimedia recording platforms, software applications and related professional services. NICE Ltd., formerly known as NICE-Systems Ltd., is headquartered in Ra’anana, Israel. “

NewLink Genetics (NASDAQ:NLNK) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $9.00 price target on the stock. According to Zacks, “NewLink Genetics Corporation is a biopharmaceutical company which focuses on discovering, developing and commercializing immunotherapeutic products for cancer treatment. Its portfolio also includes biologic and small-molecule immunotherapy products used for the treatment of oncology indications. NewLink Genetics Corporation is headquartered in Ames, Iowa. “

Netlist (NASDAQ:NLST) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Netlist, Inc. designs and manufactures high performance memory subsystems for the server, high performance computing and communications markets. The company’s memory subsystems are developed for applications in which memory plays a key role in enabling overall system performance. These applications include tower servers, rack-mounted servers, blade servers, high performance computing clusters, engineering workstations and telecommunication switches. “

NN (NASDAQ:NNBR) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “NN, Inc. is an independent manufacturer and supplier of high quality, precision steel balls and rollers to both domestic and international anti-friction bearing manufacturers. Precision steel balls and rollers are critical moving parts of anti-friction bearings used in a wide variety of automotive, industrial and other applications. NN also manufacturers a full line of precision injection molded components serving the bearing, automotive, instrumentation, fiber optic and consumer hardware markets. (PRESS RELEASE) “

Northstar Realty Europe (NYSE:NRE) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $15.00 price target on the stock. According to Zacks, “Northstar Realty Europe Corp. is a real estate investment trust which focused commercial real estate. It operates primarily in Berlin, Frankfurt, Hamburg, London, Paris, Amsterdam, Milan, Brussels and Madrid. Northstar Realty Europe Corp. is based in New York. “

Insight Enterprises (NASDAQ:NSIT) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $43.00 price target on the stock. According to Zacks, “Insight Enterprises Inc., is a global direct marketer of brand name computers, hardware and software. It is an Arizona-based publicly traded global technology company that focuses on business-to-business and information technology capabilities. The company markets to small-and-medium-sized businesses, through a combination of a strong outbound telemarketing sales force, electronic commerce, electronic marketing and direct mail catalogs. The company offers an extensive assortment of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, together with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “

NanoString Technologies (NASDAQ:NSTG) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $8.25 price target on the stock. According to Zacks, “NanoString Technologies, Inc. is engaged in the development, manufacture and sale of life science tools. It provides nCounter Analysis System which supports research and development of clinical applications from basic discovery to the development of future molecular diagnostic tests on a single platform. The company also offers nSolver Analysis software, gene expression panels, miRNA expression assay kits, cancer copy number variation panels, nCounter leukemia fusion gene expression assay kits and human karyotype panels, custom CodeSets and master kits that are ancillary reagents, cartridges, tips and reagent plates to setup and process samples in its instruments. It markets its systems and related consumables to researchers in academic, government and biopharmaceutical laboratories primarily in North America, Europe, the Middle East and the Asia Pacific. NanoString Technologies, Inc. is headquartered in Seattle, Washington. “

NOSTRUM OIL & G (OTCMKTS:NSTRY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Nostrum Oil & Gas PLC is an oil and gas company. It engaged in the production, development and exploration of oil and gas primarily in the pre-Caspian Basin. The company’s principal producing asset consists of Nostrum in the Chinarevskoye field. Nostrum Oil & Gas PLC is based in Amsterdam, Netherlands. “

Nevsun Resources (NYSEAMERICAN:NSU) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $2.75 target price on the stock. According to Zacks, “NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa. “

Trex (NYSE:TREX) was upgraded by analysts at B. Riley from a neutral rating to a buy rating. B. Riley currently has $125.00 price target on the stock, up from their previous price target of $96.00.

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