Filed under: Analyst reports, Analyst upgrades and downgrades, Dell (DELL), Sun Microsystems (JAVA), Palm Inc (PALM), Analyst initiations, Marvell Technology Group (MRVL)
Analyst upgrades:
- UBS upgraded STMicroelectronics (NYSE: STM) to Neutral from Sell and Advanced Semiconductor (NYSE: ASX) to Buy from Neutral as it is seeing early signs of stabilization in the semiconductor industry.
- Jefferies upgraded VCA Antech (NASDAQ: WOOF) to Hold from Underperform as it does not see significant downside in the stock given the low expectations. It raised its target price to $22 from $15.
- Baird upgraded Sigma Designs (NASDAQ: SIGM) to Outperform from Neutral and raised its target to $16 from $9 as it expects revenue growth to resume in 2009 driven by IPTV end-demand.
- Goldman removed Dell (NASDAQ: DELL) from the Conviction Sell List.
- Portfolio Recovery (NASDAQ: PRAA) was raised to Market Perform from Underperform at Keefe Bruyette.
- Post Properties (NYSE: PPS) was upgraded at Deutsche Bank to Hold from Sell.
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Analyst upgrades, downgrades and initiations: DELL, JAVA, POT, PALM ... originally appeared on BloggingStocks on Fri, 13 Feb 2009 11:00:00 EST. Please see our terms for use of feeds.
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