Investment Analysts’ Upgrades for January, 17th (AAXN, ABLYF, ANDX, ANZBY, BUD, SEOAY, SFUN, SIMO, SITO, SMI)

Investment Analysts’ upgrades for Wednesday, January 17th:

Axon Enterprise (NASDAQ:AAXN) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Axon Enterprise, Inc. engages in the development, manufacture and sale of conducted electrical weapons for the law enforcement, federal, military, corrections, private security and personal defense markets. Its operating segment consists of TASER Weapons and Axon segments. TASER Weapons segment involves in the sale of conducted electrical weapons, accessories and other products and services. Axon segment focuses on devices, wearables, applications, cloud and mobile products. Axon Enterprise Inc., formerly known as TASER International Inc., is headquartered in Scottsdale, AZ. “

ABLYNX (OTCMKTS:ABLYF) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $47.00 price target on the stock. According to Zacks, “Ablynx NV is a biopharmaceutical company which engaged in the development of Nanobodies (R) proprietary therapeutic proteins based on single-domain antibody fragments. The company also discovers and develops therapeutic for inflammation, haematology, immuno-oncology, oncology and respiratory disease. Ablynx NV is headquartered in Ghent, Belgium. “

Andeavor Logistics (NYSE:ANDX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $61.00 price target on the stock. According to Zacks, “Andeavor Logistics LP engages in the ownership, operation, development and acquisition of crude oil and refined products logistics assets. It operating segments consist of Gathering, Processing and Terminalling and Transportation. Gathering segment consists of crude oil, natural gas and produced water gathering systems in the North Dakota Williston Basin/Bakken Shale area and the Uinta, Vermillion and greater Green River basins. Processing segment consists of gas processing complexes, including an interest in Green River Processing LLC, which owns fractionation facility and gas processing complexes. Terminalling and Transportation segment consists of regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport. Andeavor Logistics LP, formerly known as Tesoro Logistics LP, is headquartered in San Antonio, TX. “

Australia and New Zealand Banking (OTCMKTS:ANZBY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Austria and New Zealand Banking’s principal activities are the provision of general banking services, hire purchase and general finance, life assurance, property development, mortgage lending and other financial services. The Group operates within Australia, New Zealand, Europe, Asia, the Americas and the Middle East. “

Anheuser Busch Inbev (NYSE:BUD) was upgraded by analysts at Deutsche Bank AG from a hold rating to a buy rating.

Stora Enso OYJ (OTCMKTS:SEOAY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $18.00 price target on the stock. According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “

Fang (NYSE:SFUN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $5.75 target price on the stock. According to Zacks, “Fang Holdings Limited operates as a real estate Internet portal primarily in China. It provides marketing, e-commerce, listing and other value-added services for real estate and home furnishing and improvement sectors. Fang Holdings Limited, formerly known as SouFun Holdings Limited, is based in Beijing, China. “

Silicon Motion Technology (NASDAQ:SIMO) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Silicon Motion is a leading developer of microcontroller ICs for NAND flash storage devices. The Company is anticipated to benefit from an improving NAND supply environment. Management expects the increase in the availability of 64 layer 3D NAND to bring down the high NAND prices, which will eventually improve the financial results. Moreover, we believe that an expanding product portfolio is the key growth driver for the company. However, Silicon Motion faces macroeconomic risks like political, economic and social instability and certain industry-specific regulations in geographies where the company operates. Further, intensifying competition in the USB flash drive controller market remains a major headwind. Going forward, dip in smartphone sales will prove to be a drag on the revenues. Notably, shares of the company have underperformed the industry in the last one year.”

Sito Mobile (NASDAQ:SITO) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “SITO Mobile Limited is a technology based mobile solutions provider. The Company provides wireless application development, publishing and distribution. It offers mobile location-based advertising and mobile messaging platforms that enable brands, agencies, and retailers to transform digital marketing by delivering targeted mobile advertising campaigns based on geo-location, in-store traffic, and customer response. SITO Mobile Limited, formerly known as Single Touch Systems, Inc., is based in Jersey City, New Jersey. “

Semiconductor Manufacturing Int'l (NYSE:SMI) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit manufacturing service at 0.35 micron to 65 nanometer and finer line technologies. Headquartered in Shanghai, China, SMIC has a 300-millimeter wafer fabrication facility (fab) and three 200 mm wafer fabs in its Shanghai mega-fab, two 300 mm wafer fabs in its Beijing mega-fab, a 200 mm wafer fab in Tianjin, and an in-house assembly and testing facility in Chengdu. SMIC also has customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong. In addition, SMIC manages and operates a 200 mm wafer fab in Chengdu owned by Cension Semiconductor Manufacturing Corporation and a 300 mm wafer fab under construction in Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing Corporation. “

Snap-on (NYSE:SNA) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $206.00 price target on the stock. According to Zacks, “Snap-On has registered an excellent earnings surprise history over the trailing four quarters, beating estimates all through. The company is committed to its RCI program, which has been instrumental in fuelling sales, margins and savings in the recent quarters. Going forward, the company plans to boost growth by focusing on franchise network, expanding footprint in vehicle repair garage & vital industries, and penetrating emerging markets. Diversified portfolio and impressive traction of new products add to its strength. Also, the company has been witnessing encouraging prospects in most of its business lines that will likely unlock new growth avenues going forward. Despite these positives, over the past year, Snap-on’s shares have underperformed the industry average. Sluggish oil market activities, volatility in the prices and high currency fluctuation risks pose as major concerns.”

Snap (NYSE:SNAP) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $16.00 target price on the stock. According to Zacks, “Snap is benefiting from its growing popularity among teenagers. The number of exciting features that Snap provides makes its platform more attractive to users as well as advertisers. Snap is also aggressively ramping up its original content efforts to attract subscribers. We believe the company’s initiatives to improve its service in the international markets and redesign the app to make it simpler will help it accelerate user growth and engagement going forward. The company has mixed record of earnings surprises in recent quarters. However, competition from Facebook and lack of revenue diversification are major concerns for Snap. Shares of Snap have also underperformed the industry since the company was listed.”

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