Momentum Stocks: Baidu Inc (ADR) (NASDAQ:BIDU), Linn Energy LLC (NASDAQ:LINE), 3D Systems Corporation (NYSE:DDD), Zynga Inc (NASDAQ:ZNGA)

Posted by on Feb 04, 2014

Zacks upgraded shares of Baidu Inc (ADR) (NASDAQ:BIDU) from a neutral rating to an outperform rating in a report issued on Monday, Analyst Ratings Network.com reports. They currently have $182.80 target price on the stock. Baidu Inc (ADR) (NASDAQ:BIDU) stock opened at $156.26 in last trading session, and closed at $150.52, trading in the range of $148.60 – $157.93. The stock showed a negative weekly performance of -5.14%.

Linn Energy LLC (NASDAQ:LINE) and LinnCo, LLC (LNCO) announced monthly distributions and dividends, respectively. LINN Energy, LLC declared a monthly cash distribution of $0.2416 per unit, or $2.90 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable February 13, 2014, to unitholders of record as of the close of business on February 10, 2014. Linn Energy LLC (NASDAQ:LINE) shares closed at $32.73 on last trade day, by losing -0.18%. Stock 52 week range is $20.35 – $39.47. Company’s market capitalization is $7.70 billion.

Pacific Crest’s analyst Weston Twigg this morning reiterates an Outperform rating on shares of 3-D printer maker 3D Systems Corporation (NYSE:DDD), and a $98 price target, writing that the company avoided a “close call” with Google’s (GOOG) announcement last week it will sell its Motorola Mobility unit to Lenovo (0992HK) because, happy, the advanced technologies group at Moto will stay with Google. 3D Systems Corporation (NYSE:DDD) stock decreased -4.76% and finished the last session at $74.03. The EPS of the stock remained 0.46. Company’s market capitalization is $7.61 billion.

Bank of America downgraded Zynga Inc (NASDAQ:ZNGA) to “underperform” based on valuation. The company set a $3.80 target price. Zynga Inc (NASDAQ:ZNGA) stock opened at $4.19 in last trading session and closed at $4.49. The 52 week range of the stock is $2.50 – $4.58 and the day range was $4.16 – $4.58.

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