Here’s What Analysts Had To Say About Sonic, Alphabet, Illumina, FireEye, and Shake Shack

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FireEye Inc (NASDAQ:FEYE) shares have popped 8% after Tal Liani of Bank of America/Merrill Lynch upgraded the equity to ‘Buy’ from ‘Neutral’ and set a $18 price target, up from the previous $13.5. Liani likes FireEye’s low valuation, its advanced technology, and its recent sales leadership changes. The analyst believes FireEye will grow meaningfully in the second half of this year. The number of elite funds with holdings in FireEye Inc (NASDAQ:FEYE) fell by 2 quarter-over-quarter to 27 at the end of December.

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Leerink became the latest investment bank to give Illumina, Inc. (NASDAQ:ILMN) the thumbs up, with analyst Puneet Souda upgrading the equity to ‘Outperform’ from ‘Market Perform’ and hiking his price target to $195 from $138. Souda is bullish on the name due to survey data that suggests that labs will upgraded NovaSeq earlier than expected. Shares of Illumina are up 2% so far. 27 top funds had a bullish position in Illumina, Inc. (NASDAQ:ILMN) at the end of December, down one from the previous quarter.

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Last but not least, Shake Shack Inc (NYSE:SHAK) is trending after Nick Setyan of Wedbush upgraded the burger maker to ‘Neutral’ from ‘Underperform’. The analyst also upped his price target to $33 from the previous $30, citing that much of the same-store-sales growth headwinds is priced in. 13 elite funds were long Shake Shack Inc (NYSE:SHAK) as of the most recent 13-F reporting period, up 2 funds from the previous quarter.

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Disclosure:None

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