Morgan Stanley's Key Technology Upgrades & Downgrades (IBM, DELL, CTXS, ADSK, NVLS, TXN, STM, PMCS, QLGC, LRCX, XLNX)

Apps & Software

Published: September 8, 2009 9:01 am

Last Updated: March 10, 2020 5:36 pm

Morgan Stanley has made several key downgrades in technology, as well as a few lesser upgrades. Both IBM (NYSE: IBM) and Dell Inc. (NASDAQ: DELL) were downgraded to Equal-Weight from Overweight. Also cut to underweight were Citrix Systems (NASDAQ: CTXS) and Autodesk (NASDAQ: ADSK). Novellus Systems (NASDAQ: NVLS) and Texas Instruments (NYSE: TXN) were downgraded to Equal-Weight from Overweight; and STMicroelectronics (NYSE: STM) was cut to Underweight.

There were actually a few Morgan Stanley upgrades in the broader call as well. PMC-Sierra (NASDAQ: PMCS), QLogic (NASDAQ: QLGC), Lam Research (NASDAQ: LRCX) and Xilinx (NASDAQ: XLNX) were all raised to Overweight.

JON C. OGG

Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)

If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.

Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.