Thursday's Analysts' Upgrades and Downgrades
CHANGE IN RATINGS
Broadcom (BRCM Quote) upgraded at UBS: BRCM upgraded to Buy rating from Neutral at UBS. Maintains current price target and 2007 EPS estimates at $38 and $1.02, respectively.eBay (EBAY Quote) upgraded at Piper: eBay upgraded from Underperform to Market Perform at Piper Jaffray. $30 price target. Last quarter beat because of forex gains, which are not sustainable. Even so, near-term earnings will be stronger for multiple reasons.
eBay price target raised at Goldman: Goldman is increasing its target on EBAY to $40 from $38 due to accelerating year-over-year revenue growth. Q4 results showed accelerating trends, 29% total revenue growth and 32% incremental margin. Reiterated Buy rating.
eBay numbers raised at Jefferies: EBAY numbers raised at Jefferies following strong Q4 results. Price target rises to $51 from $45. 2007 EPS estimates bump up to $1.29 from $1.24. Reiterates Buy rating. ...
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