Top 5 Trending Stocks on Friday

4. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)

Number of Hedge Fund Holders: 44

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) is next on the list of top 5 trending stocks on Friday. The biotechnology firm caught investors’ attention after a couple of research firms upgraded the stock this morning.

Morgan Stanley analyst Matthew Harrison improved his ratings for Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) from “Equal-Weight” to “Overweight,” citing encouraging results from late-stage trials of its eye treatment Eylea. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) recently announced that Eylea is more effective in treating eye conditions when given at higher levels.

Separately, Jefferies also upgraded Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) from “Underperform” to “Hold,” citing the same reason. The research firm also lifted its price target for the stock from $536 per share to $675 per share.