Marvell Technology (NASDAQ: MRVL): Lazard Capital Markets on Monday upgraded its rating on the company to Buy from Neutral.
Molycorp (NYSE: MCP): Piper Jaffray this morning upgraded its rating on the company to Overweight from Neutral. The firm maintained its $73 price target.
Caterpillar (NYSE: CAT): Raymond James upgraded the company to strong Buy from Outperform. The firm maintained a $135 price target on shares of Caterpillar.
Patriot Coal (NYSE: PCX): Goldman Sachs raised its rating on the company to Conviction Buy from Neutral citing valuation and leverage to higher thermal coal prices. The firm raised its price target on the stock to $29 from $28.
Skyworks Solutions (NASDAQ: SWKS): Deutsche Bank downgraded its rating on the company to Hold from Buy to Hold. The firm slashed its price target to $30 from $40. In a research note to clients, the firm stated, "We think Skyworks faces a volatile second half. While we see no serious signs of trouble, we think share loss at Apple, pricing pressure in China, and integration issues will make it difficult for them to keep beating numbers. Long-term industry fundamentals seem strong, and they remain the best company in the sector, but additional near-term uncertainty merits a Hold rating."
Full Disclosure: None.
Molycorp (NYSE: MCP): Piper Jaffray this morning upgraded its rating on the company to Overweight from Neutral. The firm maintained its $73 price target.
Caterpillar (NYSE: CAT): Raymond James upgraded the company to strong Buy from Outperform. The firm maintained a $135 price target on shares of Caterpillar.
Patriot Coal (NYSE: PCX): Goldman Sachs raised its rating on the company to Conviction Buy from Neutral citing valuation and leverage to higher thermal coal prices. The firm raised its price target on the stock to $29 from $28.
Skyworks Solutions (NASDAQ: SWKS): Deutsche Bank downgraded its rating on the company to Hold from Buy to Hold. The firm slashed its price target to $30 from $40. In a research note to clients, the firm stated, "We think Skyworks faces a volatile second half. While we see no serious signs of trouble, we think share loss at Apple, pricing pressure in China, and integration issues will make it difficult for them to keep beating numbers. Long-term industry fundamentals seem strong, and they remain the best company in the sector, but additional near-term uncertainty merits a Hold rating."
Full Disclosure: None.
