A roundup of tech ratings changes

In a coverage launch for Chinese Internet stocks, Baidu (BIDU +0.7%), Ctrip (CTRP +0.2%), Sohu (SOHU +2.5%) Changyou (CYOU +5.4%), and Dangdang (DANG +8.5%) have been started at Outperform by Credit Suisse.

Tableau (DATA +0.5%) has been started at Outperform by FBN.

Cavium (CAVM +1.6%) has been started at Overweight by Morgan Stanley.

Blue Nile (NILE +4.7%) has been started at Buy by B. Riley.

Applied Materials (AMAT +0.1%) has been upgraded to Buy by Berenberg two days after the Tokyo Electron deal was announced.

IT/chip distributors Arrow (ARW) and (AVT +0.2%) have been cut to Neutral by UBS.

HomeAway (AWAY -3.9%) has been cut to Equalweight by Morgan Stanley.

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Comments (1)
  • PeterPatS
    , contributor
    Comments (573) | Send Message
    It is pretty funny that Credit Suisse 'STARTED' BIDU coverage. So what was that SELL rating they set on BIDU in January or February this year, when they lowered price target for BIDU from $81.5 to $80. I guess, they wanted us to sell BIDU in March. But now 90% up from that 'target', it is outperform. Very large rear view mirror Credit Suisse has. I hope they can still see forward.
    29 Sep 2013, 12:45 AM Reply Like
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