Analysts' Actions: AKAM, HES, GD, MAR
Akamai(AKAM) upgraded to Buy from Hold at Jefferies. $42 price target. Improving fundamentals and growth acceleration.
Autonation(AN) upgraded at UBS to Neutral from Sell. $34 price target. Valuation back in line with peers.
Air Products(APD) upgraded at Morgan Stanley to Equal-weight from Underweight. Valuation call, based on a $92 price target.
Citrix Systems(CTXS) upgraded at FBR to Outperform. $100 price target. Company has a lot of operating momentum and is leveraged to continued growth of the virtualization market.
Citrix Systems(CTXS) upgraded at Mizuho to Buy from Neutral. Company continues to grow its core business.
Forest Laboratories(FRX) was initiated with a Hold rating at Auriga USA. $36 price target. Company lacks near-term catalysts.
General Dynamics(GD) downgraded to Equal-Weight from Overweight at Morgan Stanley said. Defense business remains soft.
Hess(HES) was downgraded to Neutral from Outperform at Credit Suisse. $70 price target. Stock was also cut from the Focus List. Company cut production guidance and is spending more on capital expenditures.
Hess(HES) was downgraded to Neutral at JP Morgan. $68 price target. Company is producing less in the Bakken shale.
Hexcel(HXL) was upgraded to Buy from Neutral at Bank of America/Merrill Lynch. $34 price target. Company is seeing higher volume and margins.
Marriott(MAR) was upgraded to Buy from Hold at Argus. $48 price target. Company is a consistent grower, keeps costs low and buys back stock.
TheStreet Staff
04/26/12 - 09:06 AM EDT
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