Jefferies highlighted its best global stock picks as the second half of the year approaches, representing the firm's highest-conviction stocks with a buy rating.
With its price target at 1,260 euros, he sees about 22.6% upside from Thursday's close.
BofA also raised its price target by $193, or 146 euros, and maintained its buy rating on the stock.
Petersen anticipates stock upside due to a stronger growth rate of data center chip sales.
On Wednesday, the firm upgraded the stock to outperform from market perform and raised its price target by $26 to $170.
Persons:
Jefferies, Janardan Menon, Menon, BofA, Lloyd Byrne, Jonathan Petersen, Petersen
Organizations:
Bank of America, Union semicaps, ConocoPhillips, Marathon, Digital Realty, BMO Capital Markets, Microsoft, Nintendo
Locations:
United States, Latin America, Europe, Middle East, Africa, Asia