Seeking Alpha

Tech ratings round-up

  • Deutsche upgrades ARM Holdings (ARMH +0.7%) to Buy. Analyst Kai Korschelt thinks Intel fears are overblown and will have limited impact on ARM's EPS going forward.
  • Bernstein upgrades Telecom Italia (TI +8.6%) to Outperform. TI is down 27.3% in the last year as the telco has been roiled by the spectre of credit downgrades and antitrust troubles.
  • JPMorgan scythes a number of Chinese tech stocks: Dangdang (DANG -4.7%) to Underweight with a PT of $6.50, Youku Tudou (YOKU -1.3%) to Neutral with a PT of $23, and Sohu.com (SOHU -0.7%) to Neutral with a PT hike to $66 ($56 previous).
  • JPMorgan also initiated a number of Chinese stocks: Soufun (SFUN +1.5%) with an Overweight rating and PT of $49 and YY (YY +1.1%) with an Overweight rating and PT of $47.
  • Swedbank downgrades Nokia (NOK -2.4%) to Reduce.
Comments (3)
  • I don't know how these big banks get away with this behaviour for so long. It seems so obvious that some downgrades are nothing but a way to make shares drop in the near term, for companies they expect the stock to rise over the next year or two.
    30 Aug 2013, 12:09 PM Reply Like
  • I will wait for the share price drop a bit more and add more shares to my position. Very long NOK.

     

    -Cheers.
    30 Aug 2013, 02:19 PM Reply Like
  • Must stem from that age-old dispute over whether the pronunciation should be 'Svikings' or 'Fikings.'

     

    Honestly, do not see whatever is worth a bit of bad-mouthing by DBank and the Swedes. Seems incrementally positive in small steps to me. I'd rather not see Elop's name mentioned as a Ballmer replacement, but that seems rumor based.
    30 Aug 2013, 03:29 PM Reply Like
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