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Analysts' Upgrades, Downgrades: Symantec

Stock quotes in this article: JWN , PCX , RIG , STP , AMB , SYMC , TROW  

CHANGE IN RATINGS

AMB Property (AMB Quote) upgraded at Credit Suisse to Outperform from Neutral based on the co.'s successful recapitalization efforts and attractive relative capitalization. Increased price target to $22 from $17.

American Express (AXP Quote) upgraded at Stifel Nicolaus from Sell to Hold. Company is the least exposed to new credit card legislation. Deliquencies have also dropped significantly this quarter.

Franklin Resources (BEN Quote) upgraded at JPMorgan. Rating raised to Overweight from Underweight. Price target raised to $94 from $75. 2009 EPS estimates lowered to $2.95 from $2.96.

Citrix Systems (CTXS Quote) downgraded at Oppenheimer to perform from outperform and $33 price target removed due to: shares have run up 33% since early April, trading at a premium to group median, EMEA remains challenged and chances of an M&A transaction with CTXS as the target in the near term are remote. ...

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