Monday, August 1, 2011

Analyst Actions: AAPL, EMC, RENN, HERO, BRCM

Apple Inc. (NASDAQ: AAPL): Canaccord Genuity on Monday raised its price target on Apple to $515 from $510. The firm retained its Buy rating on the stock.

EMC Corporation (NYSE: EMC): Oppenheimer & Co. upgraded its rating on the company to Outperform from Perform with a new price target of $32.

Renren Inc (NYSE: RENN): Maxim Group this morning initiated coverage on the company with a Sell rating and a price target of $7.50.

Hercules Offshore (NASDAQ: HERO): Raymond James upgraded its rating on the company to Outperform from Underperform.

Broadcom Corp. (NASDAQ: BRCM): Pacific Crest on Monday initiated coverage on the company with an Outperform rating and a price target of $46.

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