Google Inc. (NASDAQ: GOOG): Evercore Partners on Tuesday upgraded its rating on the company to Overweight from Equalweight. The firm lifted its price target on the stock to $670 from $620.
SanDisk (NASDAQ: SNDK): Deutsche Bank this morning upgrading SanDisk to Buy from Hold. In a note to clients, the firm state, "We now believe SNDK margins will become far more sustainable in 2012 thanks to a combination of balanced industry supply growth and SNDK's leadership in TLC NAND. Continued cost leadership (thanks to TLC) should result in solid product GM through 2012 even in a muted demand environment. The improved outlook on margins combined with attractive valuation (+$25/share book value and $350m of annual royalties) leads us to raise our rating from Hold to Buy."
GameStop Corporation (NYSE: GME): Piper Jaffray upgraded the company to Neutral from Underweight. The firm raised its price target on the stock to $27 from $17.
AU Optronics (NYSE: AUO): Goldman Sachs downgraded its rating on the company to Neutral from Buy. Goldman expects capex at Taiwan panel makers AU Optronics and CMI to decline 9%/11% in 2011/2012, with capacity growth of 13%/6%, respectively. Goldman expects both to turn to losses in 2011/2012, due to high break-even utilization rates.
New York Times (NYSE: NYT): UBS on Tuesday upgraded the stock to Neutral from Sell.
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