Notable Analyst Rating Changes 07/29: CTXS, BA, ENTR, TTEK Upgraded; NVDA,, VPRT, SYMC, AMAG Downgraded
UPGRADES
Citrix Systems (Nasdaq: CTXS) raised by several firms today:
Entropic (Nasdaq: ENTR) incresed by two firms:
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DOWNGRADES
NVIDIA (Nasdaq: NVDA) downgraded by two firms today:
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.
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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.
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.
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.
- 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'.
- 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.
- 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.
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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