Stocks Hitting 52-Week Highs

Thoratec THOR shares gained 8.08% to touch a new 52-week high of $42.53 after the company reported better-than-expected Q3 results. Canaccord Genuity upgraded the stock from Hold to Buy and raised the target price from $38 to $45. Microchip Technology MCHP shares gained 6.42% to touch a new 52-week high of $42.51 after the company reported Q2 results. Mizuho upgraded the stock from Neutral to Buy. Discovery Communications DISCB shares gained 4.89% to reach a new 52-week high of $86.58 after the company reported a 24% rise in its third-quarter profit. Time Warner Cable TWC shares created a new 52-week high of $121.50 after the company reported an upbeat Q3 profit.