Wednesday, June 15, 2011

Analyst Actions: NTAP, MYGN, KFT, SOL, RLD

NetApp (NASDAQ: NTAP): Credit Suisse on Wednesdy upgraded NetApp to Outperform from Neutral citing robust storage business fundamentals and increased confidence in the Engenio acquisition. The firm raised its price target to $62 from $54. 

Myriad Genetics (NASDAQ: MYGN): Auriga downgraded its rating on the company to Hold from Buy. The firm lowered its price target to $25 from $27.

Kraft Foods (NYSE: KFT): Jefferies initiated coverage on the company with a Buy rating and $40 price target. 

ReneSola Ltd. (NYSE: SOL): Macquarie downgraded the company to Neutral from Outperform.

RealD (NYSE: RLD): Morgan Joseph initiated coverage on the company with a Buy rating and a price rating of $28. In a research note to clients, the firm said, "Dominant Market Share Within a Rapidly Expanding 3-D Marketplace - RealD theaters account for roughly 80% of domestic gross box office revenues and maintain over 50% of 3-D commercial screens worldwide. Over the past twelve months, RealD's total screen installation base has exceeded 15,000, with year-over-year system growth of 182%." 

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