UBS Removes Sun Micro (JAVA) from 'Least Preferred' List, Adds Netgear (NTGR)
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UBS has removed Sun Microsystems (Nasdaq: JAVA) from its feared "Least Preferred" list, saying that the potential risk related to the Oracle (Nasdaq: ORCL) acquisition are "overdone". The firm currently has a Neutral rating on shares of JAVA.
On the other side of the trade, UBS added shares of Netgear (Nasdaq: NTGR) to the "Least Preferred" list. The firm maintains Netgear at Neutral with a $20 price target. Just after the open, the stock is modestly lower, currently down 0.36% to around $19.37.
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