Notable Upgrades: 58.com (WUBA), Paychex (PAYX), Align Technology (ALGN), Fortinet (FTNT), Incyte (INCY)

Analysts at Credit Suisse (CS) are out with a report this morning upgrading shares of 58.com Inc. (WUBA) with an ‘Outperform‘ from ‘Neutral‘ rating. 58.com Inc. ADS shares are currently priced at 279.46x this year’s forecasted earnings, which makes them quite expensive compared to the industry’s 17.61x earnings multiple. Ticker has a forward P/E of […] View the full post at: Notable Upgrades: 58.com (WUBA), Paychex (PAYX), Align Technology (ALGN), Fortinet (FTNT), Incyte (INCY) Related posts: Insider Selling: Twitter (TWTR) CEO Unloads $5M Worth of Stock Caterpillar Inc. Downgraded to “Neutral” at BofA