Notable Analyst Actions: The Ultimate Software Group, Inc. (NASDAQ:ULTI), SunPower Corporation(NASDAQ:SPWR)

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Roth Capital believes that The Ultimate Software Group, Inc. (NASDAQ:ULTI)’s Q1 guidance was conservative, and the firm has an upside bias to the Q1 earnings. Roth thinks the stock has reached one of its best entry points in recent years, and deserves a higher valuation. The firm reiterates a $180 price target and Buy rating on the stock.

Analysts have a consensus price target of $156 on The Ultimate Software Group, Inc. (NASDAQ:ULTI) which indicates a 22% upside. The consensus rating of the stock is a BUY with a score of 2.69. There are currently 5 Hold ratings and 11 Buy ratings on the stock.

Another recent analyst action consisted of Deutsche Bank initiating coverage of the stock with a $160 price target.

Deutsche Bank upgraded SunPower Corporation(NASDAQ:SPWR) to Buy citing a more attractive risk/reward due to accelerating growth of the U.S. market and the company’s reduced dependency on China. Deutsche raised its price target for shares to $38. SunPower is trading up 9% to $31.96 in pre-market trading after an upgrade at BofA/Merrill and a partnership announcement with Google (NASDAQ:GOOG).

Analysts have a consensus price target of $29 on SunPower Corporation(NASDAQ:SPWR) which indicates a 1% downside. The consensus rating of the stock is a Hold with a score of 2.47. There are currently 8 Hold ratings and 7 Buy ratings on the stock.

Another recent analyst action consisted of Bank of America upgrading the stock from Underperform to Buy and raising their price target from $21 to $37.

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