This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Akamai Upgraded; Price Target Cuts for Autodesk, Aeropostale

8/28/15 11:12 AM EDT
JMP Securities is out with a bullish call on Akamai (AKAM), Canaccord Genuity cut its price target on shares of Autodesk (ADSK) and Jefferies slashed its target price on shares of teen apparel retailer Aeropostale (ARO). JMP Securities upgraded shares of Akamai Technologies to MARKET OUTPERFORM from MARKET PERFORM and added an $85 price target on the shares, that’s about a 21-percent upside from where they are currently trading. Jefferies said that Akamai is the leading content delivery network vendor where they have more than half of the market as clients. JMP also said Akamai is well positioned to take advantage of the burgeoning online and mobile video viewing trend. Akamai has also expanded its total available market significantly. Canaccord Genuity lowered its price target on shares of Autodesk. Canaccord said that as the company shifts to a cloud business model, the worse the legacy business starts to look. They also said the company is taking important steps that will evolve the business to a more predictable, higher-margin business. And, Jefferies said it is maintaining it’s hold rating on Aeropostale but lowered its price target for the shares from $2.50 to $1.25 each. Jefferies said that even though the teen retailer missed second quarter expectations, the company is clearing the decks and moving through old product to make way for new merchandise under its revamped strategy. But, Jefferies said it’s still too early to call a turn in the business.
Stocks in this video: AROAKAMADSK
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Real Money Pro

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Trifecta Stocks

Trifecta Stocks analyzes over 4,000 equities weekly to find the elite 1% of stocks that pass rigorous quantitative, fundamental and technical tests.

Product Features:
  • Model portfolio
  • Trade alerts
  • Recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Growth Seeker

Bryan Ashenberg, using sophisticated stock screening and fundamental research, identifies potentially explosive small and mid-cap stocks.

Product Features:
  • Model portfolio
  • Small-cap and mid-cap focus
  • Intraday trade alerts
  • Weekly roundups
Options Profits

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
Top Rated Stocks Top Rated Funds Top Rated ETFs