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Key Analyst Upgrades in Technology (ADBE, ALU, BBBB, CSCO, JNPR, INTC)
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We have five standout analyst calls in coverage this morning’s analyst universe for technology stocks. While Intel is in here, there are actually several other more important calls on the analyst front this morning.
Adobe Systems (ADBE) was raised to Buy from Hold at Kaufman. Alcatel-Lucent (ALU) was raised to Buy from Underperform at BofA/Merrill.
Blackboard (BBBB) is more in software, but it was upgraded to Overweight from Market Weight at Thomas Weisel. Cisco Systems (CSCO) was raised to Buy from Hold at Citigroup, as was Juniper Networks (JNPR).
Also, after Intel (INTC) reported such strong numbers, we are seeing analysts ratchet price targets. Credit Suisse stayed at ‘outperform’ but raised target to $22 from $18…. FBR stayed at ‘market Perform’ but raised the target to $18.50… Broadpoint AmTech kept a Buy and raised teh target to $23 from $19… Auriga is staying cautious, but lifted its price target to $13 from $12…
Jon C. Ogg
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