Wednesday, June 8, 2011

Analyst Actions: VZ, AIG, EBAY, MRVL, GPS


Verizon Communications (NYSE: VZ): Oppenheimer on Wednesday upgraded its rating on the company to Outperform from Perform. The firm set a new $42 price target on Verizon shares.

AIG Inc. (NYSE: AIG): Goldman Sachs initiated coverage on the company with Neutral rating and a price target of $31.

eBay Inc. (EBAY): Pacific Crest upgraded its rating on the stock to Outperform from Sector Perform citing valuation, momentum in its core business, improving outlook, and new opportunities. Price target is $40.

Marvell Technology Group Ltd. (NASDAQ: MRVL): Auriga this morning resumed coverage on the company with a Buy rating and a price target of $18. 

Gap, Inc. (NYSE: GPS): Barclays downgraded its rating on the company to Equalweight from Overweight. The firm cut its price target on the stock to $17 from $22.

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