Advanced Micro Devices (AMD) was upgraded to neutral from underperform at Credit Suisse. $7 price target. The company has near-term momentum and guidance appears conservative for the second half of the year, Credit Suisse said.
Barracuda (CUDA) was upgraded to overweight from neutral at Piper Jaffray. $32 price target. The company has posted three straight solid quarters and can accelerate billings growth in the coming quarters, Piper said.
LPL Financial (LPLA) was downgraded to neutral at JPMorgan. The stock is already discounting takeover potential, JPMorgan said.
Lam Research (LRCX) was downgraded to sector weight from overweight at Pacific Crest. The sector has limited demand growth potential, Pacific Crest said.
Mohawk (MHK) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $235 price target. The stock has pulled back to an attractive level, given end-market stability, analysts said.
Marvell (MRVL) was upgraded to outperform from neutral at Credit Suisse. $17.50 price target. New management team is in the early stages of turning the business around, Credit Suisse said.
Motorola Solutions (MSI) was upgraded to outperform at BMO Capital. $84 price target. The company has multiple positive catalysts on the horizon, BMO said.