Google Inc. (NASDAQ: GOOG): Citigroup this morning removed shares of Google from its Recommended list.
Intel Corporation (NASDAQ: INTC): FBR Capital on Wednesday upgraded its rating on the company to Outperform from Market Perform. In a reasearch note to clients, the firm wrote "We are upgrading INTC from Neutral to Overweight due to upside to Consensus as inventory has normalized at both Intel and the channel. We are raising our December 2011 price target from $20.50 to $25.00 or roughly 10.5X our new C11 EPS estimate of $2.35, in line with the historical multiple of its peer group such as IBM (NYSE: IBM), HPQ (NYSE: HPQ) and MSFT (NASDAQ: MSFT)."
Adobe Systems Incorporated (NASDAQ: ADBE): FBR Capital this morning downgraded its rating on the company to Underperform from Market Perform.
Noble Energy, Inc. (NYSE: NBL): Wells Fargo upgraded its rating on the company to Outperform from Market Perform, citing valuation and the company's Israeli and Mediterranean Sea portfolio. The firm raised its target range for shares to $115-$120 from $95-$105. In a research note to clients the firm wrote, "Noble Energy provides a uniquely balanced portfolio of E&P assets, domestic and international, oil and gas, and development and exploration. Following exploration successes in recent years, Noble offers impressive visibility of long-lead growth projects. Domestic onshore development complements offshore-focused exploration. Our Outperform rating is centered on the substantial long term value we see in Noble's Israeli assets, along with the accelerating production growth we see through 2013 and beyond."
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