Analyst calls: Dell upgraded
Open Text is upgraded to 'buy,' while JDSU is downgraded to 'neutral.'
Thursday's noteworthy upgrades include:
- Dell (DELL) upgraded to Overweight from Underweight at JP Morgan
- Franklin Resources (BEN) upgraded to Neutral from Underweight at JP Morgan
- Concur (CNQR) upgraded to Buy from Neutral at UBS
- Open Text (OTEX) upgraded to Buy from Hold at Stifel Nicolaus
- Autoliv (ALV) downgraded to Sell from Buy at Citigroup
- JDSU (JDSU) downgraded to Neutral from Buy at UBS
- Steel Dynamics (STLD) downgraded to Neutral from Buy at BofA/Merrill
- AK Steel (AKS) downgraded to Underperform from Neutral at BofA/Merrill
- Northrop Grumman (NOC) downgraded to Underperform from Neutral at BofA/Merrill
- NYSE Euronext (NYX) downgraded to Market Perform from Outperform at BMO Capital
- Edwards Lifesciences (EW) downgraded to Neutral from Outperform at Credit Suisse
- Johnson & Johnson (JNJ) downgraded to Market Perform from Outperform at First Global
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The stock is expensive and the guidance is weak -- not an appetizing combination.
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