Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
CHANGE IN RATINGS
(AAPL - Get Report)
estimates, target lowered at Oppenheimer. AAPL estimates were cut through 2012. Visibility remains poor on the next iPhone launch. Outperform rating and new $420 price target.
(AAPL - Get Report)
rated new Outperform at FBN Securities. $500 price target. Company is a leader in fast-growing markets.
(ALKS - Get Report)
rated new Buy at MKM Partners. $20 price target. ELN deal should help add to growth.
rated new Outperform at Morgan Keegan. $35 price target. Company is leveraged to higher demand for a distributed workforce.
upgraded at Deutsche Bank from Hold to Buy. $129 price target. Large cap biotech stock with significant opportunity for upside.
rated new Neutral at JP Morgan. Shares are fairly valued given recent operating spend. $140 price target.
rated new Outperform at FBN Securities. $19 price target. Company has solid exposure to enterprise market.
rated new Sector Perform at FBN Securities. $38 price target. Company's execution has been poor in recent quarters.
rated new Outperform at FBN Securities. $200 price target. Company can continue to deliver consistent growth over the next few years.
rated new Buy at Goldman. Company was also added to the Conviction List. $26 price target. Company has pure exposure to offshore energy growth.
downgraded at Credit Suisse from Outperform to Underperform. $19 price target. Estimates also cut, as the company is facing increased competition.
upgraded at Ticonderoga from Neutral to Buy, Ticonderoga said. $24 price target. Company is a market leader and deserves a premium valuation.
downgraded at KBW from Outperform to Market Perform. $67 price target. RBC acquisition adds integration risk to the story.
Research in Motion
downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. $30 price target. Estimates also cut, as the company has been slow to innovate its smartphone offerings.
More to come