Seeking Alpha

A roundup of tech ratings changes

  • AMD (AMD -12.7%) has been cut to Neutral by BofA/Merrill after beating Q3 estimates and providing above-consensus Q4 revenue guidance, but also reporting a 15% Y/Y drop in CPU division sales due to PC weakness.
  • Verizon (VZ +0.8%) has been upgraded to Buy by Stifel a day after beating Q3 estimates and reporting better-than-expected mobile subscriber adds.
  • Amazon (AMZN +2.4%) has been upgraded to Buy by UBS ahead of its Oct. 24 Q3 report.
  • VMware (VMW +2.8%) has been upgraded to Overweight by JPMorgan ahead of Monday's Q3 report.
  • T-Mobile USA (TMUS +2.7%) has been added to Goldman's Conviction Buy list ahead of its Nov. 5 Q3 report.
  • Intuit (INTU +2.6%) has been upgraded to Buy by BofA/Merrill.
  • Align Technology (ALGN +24.4%) has been upgraded to Buy by Cantor following its Q3 beat.
  • LG Display (LPL -0.2%) has been cut to Hold by Craig-Hallum after issuing a Q4 warning.
  • Ultratech (UTEK -10.2%) has been cut to Hold by Canaccord following its Q3 miss.
  • Sierra Wireless (SWIR -1%) has been cut to Market Perform by Raymond James; Q3 results arrive on Nov. 7.
  • Aspen Technology (AZPN -0.9%) has been cut to Neutral by JPMorgan.
  • Analog chipmakers International Rectifier (IRF -1.7%) and Monolithic Power (MPWR -1.3%) have been cut to Market Perform by Wells Fargo.
  • U.S. Cellular (USM -1.2%) has been started at Underperform by FBR.
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