Thursday, June 16, 2011

Analyst Actions: INTC, AMD, HD, ALTR, RF

Intel Corporation (NASDAQ: INTC): FBR Capital on Thursday downgraded its rating on Intel to Market Perform from Outperform. 

Advanced Micro Devices, Inc. (NYSE: AMD): FBR Capital Markets this morning upgraded AMD to Outperform from Market Perform. In a research note to clients, the firm noted, "[Our] positive stance on AMD is largely tactical in nature and less of a long-term investment until these competitive dynamics can be further assessed under AMD's.

Home Depot (NYSE: HD): UBS intiated coverage on the company with a Buy rating and a price target of $41.

Altera Corporation (NASDAQ: ALTR): Morgan Stanley upgraded its rating on the company to Equal-weight from Underweight. The firm removed its $39 price target.

Regions Financial Corp. (RF): Bank of America downgraded its rating on the company to Neutral from Buy.

Full Dislcosure: None. 
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