Top Analyst Upgrades and Downgrades: Apple, BlackBerry, GE, IBM and More
October 7, 2013 by Jon C. Ogg
ABB Ltd. (NYSE: ABB) was raised to Neutral from Underweight at J.P. Morgan.
Apple Inc. (NASDAQ: AAPL) was raised to Buy from Hold and the price target was raised to $600 from $425 at Jefferies.
AuRico Gold Inc. (NYSE: AUQ) was raised to Outperform from Neutral at Credit Suisse.
BlackBerry Ltd. (NASDAQ: BBRY) was to Neutral from Underperform at Macquarie.
Edison International Inc. (NYSE: EIX) was raised to Buy from Hold with a $57 price target (versus a $46.35 close) at Argus.
General Electric Co. (NYSE: GE) coverage resumed with a Neutral rating and a $26 price target (versus a $24.05 close) at Goldman Sachs.
International Business Machines Corp. (NYSE: IBM) was downgraded to Equal Weight from Overweight and the price target was cut to $190 from $215 (versus a $184.10 close) at Barclays, and it was reiterated as Underperform with $175 price target at Credit Suisse.
Paraxel International Corp. (NASDAQ: PRXL) was reiterated as Underperform with a $36 price target (versus a $51.07 close) at Sterne Agee.
PT Telekomunikasi Indonesia Tbk (NYSE: TLK) was downgraded to Neutral from Outperform at Credit Suisse.
Qualcomm Inc. (NASDAQ: QCOM) was downgraded to Neutral from Buy and was removed from the Focus 1 List at Bank of America Merrill Lynch.
Toll Brothers Inc. (NYSE: TOL) was downgraded to Neutral from Buy at Goldman Sachs, sending shares down 2% in early trading.
Umpqua Holding Corp. (NASDAQ: UMPQ) was raised to Buy from Neutral with a $19 price target (versus a $16.44 close) at Sterne Agee.
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