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Analysts are weighing in today on microblogging pioneer Twitter Inc (NYSE:TWTR), fuel cell specialist Plug Power Inc (NASDAQ:PLUG), and biopharmaceutical firm ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD). Here's a quick roundup of today's bullish brokerage notes.
- Atlantic Equities hiked its rating on TWTR to "neutral" from "underweight," joining the majority of brokerage firms with its middle-of-the-road opinion of the Internet issue. Currently, of the 24 analysts following Twitter Inc, no fewer than 13 have handed out a tepid "hold" recommendation. TWTR is down 48.4% year-to-date, and closed Wednesday's session at $32.85 -- just south of resistance at its declining 10-day moving average.
- PLUG scored an upgrade to "outperform" from "market perform" at Cowen and Company, even as the firm lowered its price target on the shares to $6 from $7.50. (Roth took a gloomier tone on the stock this morning, dropping its price target to $3.75.) Today's analyst attention follows Wednesday's wider-than-forecast first-quarter loss from Plug Power Inc, which sent the stock down 6.6% to close the session at $3.82. However, PLUG is still up more than 146% year-to-date, and looks poised to start today's trading with a bounce from its 140-day moving average.
- J.P. Morgan Securities today started coverage of ACAD with an "overweight" rating and $33 price target, implying expected upside of nearly 75% from Wednesday's close at $18.87. Shares of ACADIA Pharmaceuticals Inc. have lagged the broader equities market by a significant margin this year, down more than 24% for 2014. However, the majority of brokerage firms share J.P. Morgan's upbeat view on ACAD, with five out of six analysts maintaining a "buy" or better recommendation on the security.