Today's noteworthy upgrades include: Associated British Foods (ASBFY) upgraded to Buy from Sell at Goldman... Avago (AVGO) upgraded to Buy from Hold at Jefferies... China Telecom (CHA) upgraded to Buy from Hold at Jefferies... Copart (CPRT) upgraded after headwinds disclosed at SunTrust... Kinross Gold (KGC) upgraded to Buy from Neutral at UBS... MagnaChip (MX) upgraded to Buy from Hold at Topeka... Newcrest Mining (NCMGY) upgraded to Buy from Neutral at Goldman... Noranda Aluminum (NOR) upgraded to Neutral from Sell at UBS.

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom (AVGO) to $1,500 from $1,405 and keeps an Overweight rating on the shares after hosting management for meetings. Broadcom is one of the unique companies that has a comprehensive view of the semis industry while also capable of providing an "intimate look" at the artificial intelligence market via custom silicon, the analyst tells investors in a research note. The firm says management highlighted the company's inroads with the consumer-facing AI world, providing a differing viewpoint versus Nvidia's (NVDA) vision of the world - pointing to a two-part market of consumer and enterprise that could grow to a 50/50 split over time. Barclays came away from the meetings "with a valuable second opinion on the future of AI and a greater appreciation for the company's many ways to win."

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom to $1,500 from $1,405 and keeps an Overweight rating on the shares. The analyst increased the price after hosting management for meetings.