NEW YORK (TheStreet) -- Tuckered tech stocks got a boost Monday as Goldman Sachs injected a few buy ratings into the sector.
Goldman analysts gave investors a pleasant eye-opener with upgrades on
Telco billing and customer management outfit Amdocs and network systems specialist Aruba were upgraded to buy from neutral, while WiFi networking shop Netgear was bumped up to neutral from sell at Goldman. Shares of the companies were up 2% in premarket trading Monday.
Corning shares jumped 5% in the premarket as the stocks received two upgrades Monday. One buy rating was from Goldman, another was from UBS analysts. UBS was particularly jazzed about the glassmaker's opportunities in the solar panel market.
Flat panel supplier to the LCD TV industry -- maker
-- and optical networking shop
didn't fare as well in the Goldman review. AUO was downgraded to neutral and Infinera was rated a sell on the basis of valuation by Goldman Monday.
Infinera shares were down 4% and AUO was unchanged in early trading Monday.
-- reported by Scott Moritz in New York