Glu Mobile Inc. (NASDAQ: GLUU), a repeat name on the analyst stocks under $10 list, was reiterated as Outperform at Northland Securities on Tuesday, but what stood out was that the firm raised its upside target from $7.50 to $9. This was already projecting upside of over 17% from the $6.38 prior close, but the new target suggested upside of about 41%. The company is reaping the rewards from the Kardashian game, and shares were up 2% initially on the news. Glu Mobile shares were trading at $6.78 late on Friday.
Huntington Bancshares Inc. (NASDAQ: HBAN) was given a positive reading at Bank of America Merrill Lynch on Friday, saying it was the best regional bank report so far this earnings season (after it beat earnings). The firm maintained its Buy rating and $11 price target, versus a $9.30 close. Sterne Agee maintained a Neutral rating but had positive comments in its flash note after earnings. Nomura also started coverage with a Neutral as shares have already bounced, but it assigned an upside price target of $10. Huntington Bancshares were up more than 3% at $9.65 late on Friday.
IsoRay Inc. (NYSEMKT: ISR) was started as Buy with a $5 price target on Wednesday by the Maxim Group. That implies nearly a double, because IsoRay shares were at $2.75 late on Friday. IsoRay is in isotope products and devices to treat cancer, such as brachytherapy seeds and balloon catheter devices for cancer.
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Kinross Gold Corp. (NYSE: KGC) made the list of Credit Suisse’s top gold stock picks late in the week. Kinross was also on the RBC list of top gold stocks to buy a week earlier. Kinross shares were at $4.12 late on Friday, and the consensus price target is closer to $5.35.
MiMedx Group Inc. (NASDAQ: MDXG) was started with a Buy rating on Tuesday at Needham & Co. The firm’s target price was $8.50, versus a $7.01 prior close, but this stock now has more implied upside since it was trading down around $6.50 late on Friday. The consensus price target is $9.10.
PEDEVCO Corp. (NYSEMKT: PED) was started as Buy with a $3 price target at Roth Capital. What stands out here is that this implies more than 50% upside. The stock was up more than 3% at $1.92 late on Friday.
Silver Standard Resources Inc. (NASDAQ: SSRI) was raised to Outperform from Market Perform at BMO Capital Markets on Tuesday. The firm issued a $12.50 price target, versus a prior $8.88 closing price. Just keep in mind that shares were as high as $9.66 on Thursday and back down to $9.40 late on Friday.
Wendy’s Co. (NASDAQ: WEN) was started as Buy with an $11 price target (versus an $8.10 close) at Buckingham Research on Friday. What was interesting is that Wendy’s has already made so many gains, and its stock was over $10 briefly during its recovery. But Wendy’s shares were trading at $8.32 late on Friday, and the consensus price target was closer to $9.30.
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Last weekend’s analyst stocks under $10 included Apollo Investment, DHT Holdings, Groupon, Halcon Resources, Halozyme Therapeutics, Joe’s Jeans, Yingli Green Energy and more. Friday’s top analyst upgrades and downgrades included AMD, Dunkin’ Brands, EOG Resources, Time Warner and many more.
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