Tuesday, May 24, 2011

Analyst Actions: CRM, RIMM, HPQ, MS, MYL

Salesforce.com (NYSE: CRM): Morgan Stanley on Tuesday upgraded its rating on the company to Overweight from Equal Weight. In a reseearch note to clients, the firm said that it believes the move towards cloud computing will accelerate above Street estimates and that Salesforce.com will be able to sustain 25%+ billings growth. 

Research In Motion Ltd. (NASDAQ: RIMM): Wunderlich Securities downgraded its rating on the company to Hold from Buy. The firm cut its price target on the stock to $46 from $76.

Hewlett-Packard (NYSE: HPQ): Morgan Stanley downgraded its rating on the companu to Equalweight from Overweight. 

Morgan Stanley (NYSE: MS): Citigroup this morning initiated coverage on the stock with a Buy rating. 

Mylan Labs (NASDAQ: MYL): Argus on Tuesday  raised its rating on Mylan to Buy from Hold.

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