Analyst upgrades, downgrades and initiations: AAP, FRO, MSFT, QCOM, SUN, WYNN ... - Eric Buscemi

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Analyst upgrades, downgrades and initiations: AAP, FRO, MSFT, QCOM, SUN, WYNN ...
Nov 13, 2009 04:40 PM UTC

Eric Buscemi

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Symbol	Sentiment	Start	Return	Closed
FRO	n/a
ROSE	n/a
BRCM	n/a
CECO	n/a
PETM	n/a
JNPR	n/a
QCOM	n/a
NOK	n/a

Via BloggingStocks:

Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations

Analyst upgrades:

Wells Fargo upgraded Qualcomm (QCOM) to outperform from market perform. The firm believes key risks have been eliminated, such as the license dispute with Nokia (NOK) and litigation with Broadcom (BRCM), and thinks Qualcomm is well-positioned for handset unit shipments growth. Wells has a $50 to $60 target range on shares.

Oppenheimer upgraded Juniper Networks (JNPR) to outperform from perform as it views shares as compelling at current levels and thinks the company is well positioned for 2010. Opco set a $31 price target on the stock.

FBR Capital upgraded Frontline (FRO) to outperform from market perform after raising its rating on the tanker industry to overweight. The firm raised its target on shares to $33 from $23.

PetSmart (PETM) was upgraded to buy from neutral at Goldman.

Career Education (CECO) was upgraded to equal weight from underweight at Barclays.

Rosetta Resources (ROSE) was upgraded to buy from neutral at SunTrust.

Continue reading Analyst upgrades, downgrades and initiations: AAP, FRO, MSFT, QCOM, SUN, WYNN ...

Analyst upgrades, downgrades and initiations: AAP, FRO, MSFT, QCOM, SUN, WYNN ... originally appeared on BloggingStocks on Fri, 13 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.

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