Tech ratings changes: Vipshop, Sequans, Amdocs, PTC, Synopsys

Vipshop (VIPS -4%) has been cut to Neutral by UBS. Bof/A/Merrill and UBS started shares at Buy earlier this month.

Sequans (SQNS +3.6%) has been upgraded to Outperform by Baird ahead of its Feb. 6 Q4 report.

Amdocs (DOX +3.9%) has been upgraded to Outperform by Oppenheimer following yesterday afternoon's FQ1 beat.

PTC (PTC +3.7%) has been upgraded to Overweight by JPMorgan. The company posted an FQ1 beat a week ago.

Blackbaud (BLKB -1.4%) has been cut to Underweight by JPMorgan.

Integrated Silicon (ISSI -2.8%) has been cut to Hold by Craig-Hallum a day after posting mixed FQ1 results.

Synopsys (SNPS +0.2%) and SS&C (SSNC -3.6%) have been cut to Neutral by JPMorgan.

Spansion (CODE +1.9%) has been started at Overweight by Morgan Stanley ahead of its Feb. 4 Q4 report.

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