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Apple and Ebay Downgraded While Twitter Gets an Upgrade

In Wednesday's Analysts' Actions, Wall Street is revising its views on tech stocks especially in the internet space.

In Wednesday's Analysts' Actions, Wall Street is revising its views on tech stocks especially in the internet space. Tech giant Apple (APPL) was downgraded at Pacific Crest to 'Sector Perform' from 'Outperform.' Apple's big event Tuesday did not impress the analysts there. Pacific Crest said the potential financial impact by new products is already priced into the stock. But eBay (EBAY) was also downgraded, partially on Apple's account. It's rated a 'Neutral' at Piper Jaffray and the price target was also lowered to $55 from $63 dollars. Gene Muster is the analyst at the firm and he thinks eBay may have competitive pressures in its PayPal unit from Apple's new Apple Pay service. Twitter (TWTR) is upgraded at UBS to a 'Buy' with a price target increase to $65 from $50 a share. The firm sees improved outlook for digital advertising for the microblogging site.

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