Four Tech Analyst Upgrades and Downgrades: AOL, Brocade, Pandora, Twitter

This morning we released our usual analyst upgrades and downgrades, but it turns out that many calls were not seen in time for the usual send out. That is a very common issue on holiday weeks due to a lower number of people sending information around.

AOL Inc. (NYSE: AOL) was downgraded to Sector Perform from Outperform with a $46 price target at RBC Capital Markets. AOL shares are down 2% at $44.60 against a 52-week range of $29.16 to $46.98. AOL’s consensus analyst price target is about $46.25 according to Thomson Reuters.

Brocade Communications Systems, Inc. (NASDAQ: BRCD) was close to multi-year highs again and ISI Group downgraded the stock to Neutral from Buy. The price target is $9.00 and shares had closed at $8.89 on Friday. Brocade’s stock price was down over 2% at $8.69 an hour after the open on Monday versus a 52-week range of $5.14 to $9.03. We would also point out that the consensus price target is $8.60 according to Thomson Reuters.

Pandora Media Inc. (NYSE: P) was downgraded to Equal Weight from Overweight at Morgan Stanley. This call is another valuation downgrade after the streaming music provider’s recent earnings report. Shares are down 2% at $28.65 against a 52-week range of $7.53 to $31.94, and the consensus price target from analysts is $27.28 according to Thomson Reuters..

Twitter, Inc. (NYSE: TWTR) was just given a Market Perform rating at Wells Fargo. We just showed a weekend full analyst montage of Twitter again, and Wells Fargo does not always pinpoint its price targets. The valuation range assigned was $36 to $39 for the social media and news site and this is actually better than most valuation targets we have seen so far. Twitter shares were down 4% at $39.40 after the first hour of trading on Monday.