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Notable Analyst Rating Changes 07/29: CTXS, BA, ENTR, TTEK Upgraded; NVDA,, VPRT, SYMC, AMAG Downgraded

July 29, 2010 11:27 AM EDT
CTXS Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

Revenue Growth %: +20.0%
UPGRADES
Citrix Systems (Nasdaq: CTXS) raised by several firms today:
  • Citi upgrades from Sell to Hold. Click Here for more color;

  • Deutsche Bank upgrades from Hold to Buy and raises its price target on the stock from $45 to $65. Click Here for more color;

  • Cowen & Co upgrades from Underperform to Neutral; and

  • Baird ups from Neutral to Outperform, with a price target upped from $50 to $60.
Societe Generale upgrades Boeing (NYSE: BA) from Sell to Hold, with a $65 price target.

Entropic (Nasdaq: ENTR) incresed by two firms:
  • Benchmark upgrades from Hold to Buy, with a price target of $10; and

  • BWS Financial upgrades from Hold to Buy.
Wedbush upgrades Tetra Tech, Inc. (Nasdaq: TTEK) from Neutral to Outperform, with a price target upped from $20 to $23. Click Here for more color.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
NVIDIA (Nasdaq: NVDA) downgraded by two firms today:
  • J.P. Morgan lowers from Neutral to Underweight, with a price target cut from $19 to $9; and

  • FBR Capital downgrades from Outperform to Market Perform, and a price target dropped from $18 to $10. Click Here for more color.
Analysts falling all over themselves to downgrade Vistaprint (Nasdaq: VPRT):
  • Citi downgrades VistaPrint (Nasdaq: VPRT) from Buy to Hold with a price target lowered from $62 to $45;

  • anney Montgomery Scott downgrades from Buy to Neutral and lowers the fair value estimate from $63 to $50. Click Here for more color; and

  • Barrington Research downgrades from Outperform to Market Perform, removes from 'Best Ideas List'.
Ditto for Symantec (Nasdaq: SYMC):
  • FBR Capital downgrades from Outperform to Market Perform, with a price target lowered from $20 to $15. Click Here for more color;

  • Raymond James downgrades from Outperform to Market Perform; and

  • Pacific Crest Securities lowers from Outperform to Sector Perform.
AMAG Pharmaceuticals (Nasdaq: AMAG) downgraded by two today:
  • Baird downgrades from Outperform to Neutral, with a price target cut from $40 to $36; and

  • Ladenburg Thalmann downgrades from Buy to Neutral and price target reduced from $42 to $38.50.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
BofA/Merrill Lynch initiates coverage on Blackrock Kelso Capital (Nasdaq: BKCC) with a Neutral rating, and price target of $11.50.

Goldman Sachs initiates coverage on Motricity, Inc. (Nasdaq: MOTR) with a Neutral rating and $9 price target. Click Here for more color.

Barrington Research initiates coverage on Cardtronics (Nasdaq: CATM) with an Outperform rating, and price target of $16.

J.P. Morgan resumes coverage on Penson Worldwide (Nasdaq: PNSN) with a Neutral rating and $6.50 price target.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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