2 Stocks With Upgrades: VRSN, ELX

NEW YORK ( TheStreet) -- These two stocks received upgrades from TheStreet Ratings on Monday: VeriSign ( VRSN) and Emulex ( ELX).

VeriSign

The Internet infrastructure company reported third-quarter profit last week of $240 million, or 32 cents a share, an increase from earnings a year earlier of $132 million, or 17 cents.

ThinkEquity analysts raised their price target on the company to $44 from $42 on Friday.

"Management has indicated intention to potentially increase expense rates and infrastructure spending targeting advanced and highly specialized domain security services, while the M&A strategy continues to focus on fit with the domain management business, and quality of revenue," ThinkEquity analysts said in a report.

Shares of VeriSign were upgraded to a buy from a hold on Monday by TheStreet Ratings.

VeriSign gets a B- grade from TheStreet Ratings with a $41.49 price target. Shares closed at $36.32 on Friday.

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