These Stocks Were Getting Some Analyst Love On Tuesday

Given all the analyst enthusiasm for Apple Inc. (NASDAQ:AAPL)’s stock of late, it’s not surprising that some of the joy has spilled onto Cirrus Logic, Inc. (NASDAQ:CRUS). In an event that also transpired yesterday, Canaccord analyst Matthew Ramsay hiked his price target on Cirrus to $65 per share from $56, in part due to a meeting with the company’s management. Although many in the market think Cirrus’ earnings may soon peak, Ramsay believes Cirrus’ broad portfolio of products, including amplifiers, audio codecs, and others, will help sustain solid earnings. Jim Simons‘ Renaissance Technologies owned 119,613 shares of Cirrus Logic, Inc. (NASDAQ:CRUS) at the end of June.

Jabil Circuit, Inc. (NYSE:JBL) shareholders are breathing a sigh of relief after the biggest name on the Street, Goldman Sachs, upgraded the stock to ‘Neutral’ from ‘Sell’. In addition, the famed investment bank bumped up its price target on it to $21 per share from $16. One reason for the upgrade is the potential for Jabil’s September 27 analyst day to improve sentiment around the stock. Jabil was also upgraded to ‘Buy’ from ‘Neutral’ by UBS, which cited the company’s cash flow as nearing an inflection point thanks to its own dealings with Apple. Anand Parekh‘s Alyeska Investment Group established a new stake of almost 1.2 million shares in Jabil Circuit, Inc. (NYSE:JBL) in the second quarter.

Kirby Corporation (NYSE:KEX) received some analyst love from RBC Capital yesterday after analyst John Barnes upgraded the stock to ‘Outperform’ from ‘Sector Perform’ and set a target price of $68 per share on it, up from the previous target of $55. Although shares of the company are off from their June highs, Barnes thinks that Kirby’s inland barging business is “nearing a bottom and should begin to rebound within the next few quarters.” The number of funds in our database long Kirby Corporation (NYSE:KEX) fell by one during the second quarter to 19 at the end of June.

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