Shares of ARM Holdings (ARMH) traded in London are down 16 pence, or almost 3%, at 595 pence after Barclays Capital’s Andrew Gardiner cut his rating on the stock to Equal Weight from Overweight, noting that the stock has much closer to his target price of 650 pence.
Although Gardiner is [...]

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Morgan Stanley analyst Smittipon Srthapramote this afternoon cut his rating on shares of First Solar (FSLR) to Equal Weight from Overweight, writing that he’s turned more negative on the outlook for the supply-demand relationship in solar in Italian and German solar energy markets.
“We believe fundamentals are getting worse based on [...]

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Shares of Linux distributor Red Hat (RHT) are up 72 cents, or 1.5%, at $47.64 after Morgan Stanley analyst Adam Holt this morning raised his rating on the stock to Overweight from Equal Weight following a meeting with the company’s CFO, Charlie Peters.
Hold writes that Red Hat’s billings should hold [...]

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Barclays Capital analyst James Ratcliffe wants you to know that between the two, Equinix (EQIX) is the better data center stock than Savvis (SVVS), as he starts coverage of the two today with an Overweight rating on Equinix and an Equal Weight rating on Savvis.
Both companies should benefit from rising [...]

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Morgan Stanley analyst Mark Lipacis this morning raised his rating on Intel (INTC) to Overweight from Equal Weight, while setting a price target of $26; the stock closed yesterday at $21.04.
Lipacis notes that INTC has lagged the SOX by 12% over the past 6 months, and by 39% since the [...]

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Barclays Capital analyst Tim Luke this morning upped his rating on Atheros Communications (ATHR) to Overweight from Equal Weight, with a new target of $38, up from $34.
Luke said the upgrade follows industry checks and meetings with management. “Following a period of PC weakness in [the 2010 second half], Atheros [...]

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Barclays Capital analyst Michael Lasser this morning cut his rating on Radio Shack (RSH) to Equal Weight from Overweight, while trimming his price target on the retail chain to $22, from $26.
“While we believe RSH has a very attractive long-term investment story and management is taking a number of prudent [...]

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Western Digital (WDC) shares are getting a modest lift this morning from Barclays Capital analyst Ben Reitzes, who raised his rating on the stock to Overweight from Equal Weight, with a new price target of $39, up from $31; the stock closed yesterday at $31.59.
“While we see long-term challenges for [...]

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Barclays analyst C.J. Muse this morning picked up coverage of the LED sector, launching Veeco (VECO) with an Overweight rating, while starting Cree (CREE) and Aixtron (AIXG) with Equal Weight ratings.
Muse sees 25% compounded growth over the next five years in the LED sector, “as LED penetration transitions from small [...]

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Barclays Capital analyst Tim Luke this morning cut his rating on Linear Technology (LLTC) to Equal Weight from Overweight, trimming his price target to $33, from $35. The move follows the company’s September quarter earnings report, which featured disappointing full-year guidance.
“Linear remains the higher end leader in the analog market [...]

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