Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Apple (AAPL) 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.
Apple (AAPL) rated new Outperform at FBN Securities. $500 price target. Company is a leader in fast-growing markets.Alkermes (ALKS) rated new Buy at MKM Partners. $20 price target. ELN deal should help add to growth. Aruba Networks (ARUN) rated new Outperform at Morgan Keegan. $35 price target. Company is leveraged to higher demand for a distributed workforce. Biogen Idec (BIIB) upgraded at Deutsche Bank from Hold to Buy. $129 price target. Large cap biotech stock with significant opportunity for upside. Salesforce.com (CRM) rated new Neutral at JP Morgan. Shares are fairly valued given recent operating spend. $140 price target. Dell (DELL) rated new Outperform at FBN Securities. $19 price target. Company has solid exposure to enterprise market. Hewlett-Packard (HPQ) rated new Sector Perform at FBN Securities. $38 price target. Company's execution has been poor in recent quarters. IBM (IBM) rated new Outperform at FBN Securities. $200 price target. Company can continue to deliver consistent growth over the next few years. McDermott (MDR) rated new Buy at Goldman. Company was also added to the Conviction List. $26 price target. Company has pure exposure to offshore energy growth. Motorola Mobility (MMI) downgraded at Credit Suisse from Outperform to Underperform. $19 price target. Estimates also cut, as the company is facing increased competition. Progressive (PGR) upgraded at Ticonderoga from Neutral to Buy, Ticonderoga said. $24 price target. Company is a market leader and deserves a premium valuation. PNC Financial (PNC) downgraded at KBW from Outperform to Market Perform. $67 price target. RBC acquisition adds integration risk to the story. Research in Motion (RIMM) 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
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