Bank of America Merrill Lynch upgraded Dell (Nasdaq: DELL) from Neutral to Buy and raised their price target from $16.50 to $18, citing the shares underperformance since November.
The firm said low investor sentiment, high short interest, compressed valuation, possible enterprise refresh, and likely positive EPS revisions should provide better share performance this year.
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Soleil Securities upgrades Zebra Technologies (Nasdaq: ZBRA) from Hold to Gradually Accumulate. Price target increased from $23 to $33.
Soleil analyst says, "Valuation is allowing us to raise the rating to Gradually Accumulate, while improving order trends, mfg outsourcing, new products and market share gains are enabling us to increase our 2010 EPS estimate to $1.51 (vs $1.26 previously); Our early earnings estimate for 2011 is $1.72 per share, a new record...With the shares, adjusted for the $4.20 per share in cash, now trading for only 15.5 times forward estimated earnings of $1.51 per share or 119% of their 13% projected 3-to-5-year EPS growth rate, we are upgrading the shares. Our 12-month price target is now $33 per share and is based on the shares, adjusted for the cash, reaching 19-20 times our 12 month forward earnings estimate. Additional impetus for the rating upgrade is our belief quarterly comparisons will look very good versus depressed prior year figures."
To see all the upgrades/downgrades on shares of ZBRA, visit our Analyst Ratings page.
Zebra Technologies Corporation (Zebra), designs, manufactures and sells specialty printing devices that print variable information on demand at the point of issuance.
Cimarex Energy (NYSE: XEC) shares are moving this hour as an analyst at UBS has upgraded the stock from Neutral to Buy. The firm also boosted its price target on shares of Cimarex from $56 to $62.
Shares of Cimarex last traded at $54.13, now up more than 3.5% from yesterday's close. UBS' new price target represents potential upside of more than 14%.
Click here to track all of the upgrades/downgrades on Cimarex shares.
Cimarex Energy Co. operates as an independent oil and gas exploration and production company.
Boenning & Scattergood upgrades Equinix (Nasdaq: EQIX) from Neutral to Outperform. Price target $121.
To see all the upgrades/downgrades on shares of EQIX, visit our Analyst Ratings page.
Equinix, Inc. provides network-neutral colocation, interconnection and managed information technology (IT) infrastructure services to enterprises, content providers and financial companies.
Avondale Partners upgrades ADC Telecommunications (Nasdaq: ADCT) from Market Perform to Market Outperform. Price target $8.
To see all the upgrades/downgrades on shares of ADCT, visit our Analyst Ratings page.
ADC Telecommunications, Inc. (ADC) is a provider of broadband communications network infrastructure products and related services.
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Disney (DIS) Shares Higher as JPMorgan Upgrades Ahead of Q1 Earnings
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Citi Upgrades Mexican Stocks to Overweight, Downgrades Chilean Stocks to Underweight
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Longbow Research Upgrades Wolverine World Wide (WWW) to Buy
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