Tuesday, April 12, 2011

Analyst Actions: AAPL, CAT, LVLT, ANF, BIIB

Apple Inc. (NASDAQ: AAPL): Jefferies on Tuesday reiterated its Buy rating and $450 price target on shares of Apple (NASDAQ: AAPL) as it believes that the company is preparing to launch a new video-focused cloud-based service.

Caterpillar Inc. (NYSE: CAT): Buckingham upgraded Caterpillar to Buy from Neutral with a price target of $135.

Level 3 Communications Inc (NASDAQ: LVLT): UBS this morning upgraded its rating on the company to Neutral from Sell.

Abercrombie & Fitch (NYSE: ANF): Argus downgraded its rating on the company to Hold from Buy.

Biogen Idec Inc (NASDAQ: BIIB): BofA/Merrill upgraded the company to Buy from Neutral.

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