Tech ratings change roundup: Alcatel-Lucent, Nvidia, Angie's List, ARM


Alcatel-Lucent (ALU -4.6%) has been cut to Hold by Deutsche, while rival Ericsson (ERIC -0.2%) has been upgraded to Buy. However, Morgan Stanley has started Alcatel at Overweight.

Nvidia (NVDA -2.1%) has been cut to Hold by Canaccord a few days after unveiling its Tegra K1 app processors.

Angie's List (ANGI +9.1%) has been upgraded to Strong Buy by Raymond James.

Autodesk (ADSK +2.1%) has been upgraded to Overweight by Evercore.

Chipmaker STMicroelectronics (STM -1.2%) has been cut to Sell by Deutsche, and CPU core licensing giant ARM (ARMH -5.5%) has been cut to Hold.

EXFO (EXFO -8.3%) has been cut to Hold by TD Securities, and to Underperform by CIBC, after missing FQ1 estimates and providing soft FQ2 guidance.

ASML (ASML +0.9%) has been started at Buy by ING.

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Comments (6)
  • Andreas Hopf
    , contributor
    Comments (19999) | Send Message
     
    According to Deutsche Bank, ALU is too successful in China. I agree, winning valuable long-term contracts is so 90s. A nice accumulation opportunity after the recent run-up.

     

    NVDA bring out yet another yesteryear product after Shield. They are finally losing it; a short candidate emerges.

     

    ADSK is best positioned on the software end for the 3D revolution, we use many of their products. Going into the hobbyist sphere with their iPad 3D apps is consequent. A good company I will add.
    9 Jan 2014, 09:53 AM Reply Like
  • tsb10530
    , contributor
    Comments (222) | Send Message
     
    Does anyone know why ALU dropped 5% overnight?
    9 Jan 2014, 10:41 AM Reply Like
  • Weighing Machine
    , contributor
    Comments (913) | Send Message
     
    Does anyone know why people care what Raymond James target price is?
    9 Jan 2014, 11:57 AM Reply Like
  • Randal James
    , contributor
    Comments (4421) | Send Message
     
    Because they have really great initials.
    9 Jan 2014, 02:29 PM Reply Like
  • Market DJ
    , contributor
    Comments (1108) | Send Message
     
    Good chance to add to $ALU today. How dumb can these analysts be?

     

    In other news another analyst upgraded JC Penney's today. Really? ALU is downgraded and a company that may not survive 2014 is upgraded.

     

    Makes me feel better about my 2014 picks overall.
    9 Jan 2014, 03:26 PM Reply Like
  • JoseV
    , contributor
    Comments (401) | Send Message
     
    The DB analyst who downgraded ALU to Hold from Buy increased his target price for the stock and cited winning China Contracts for the downgrade, it is pretty dumb and agree with AH, good time to buy ALU. It will hit $5 when the firm publishes its Year end results in Feb.
    9 Jan 2014, 04:41 PM Reply Like
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