Cisco Systems, Inc. (NASDAQ: CSCO): Auriga on Friday downgraded Cisco to Hold from Buy to Hold. The firm also and cuts its price target to $19 from $23, citing intensifying competition in core routing and data center (DC) switching from new players to pressure long term margins and the growth profile.
Google Inc. (NASDAQ: GOOG): Citigroup this morning downgraded its rating on the company to Hold from Buy. The firm cut its price target to $650 from $750.
Mastercard Incorporated (NYSE: MA): Susquehanna lowered its rating on the stock to Neutral from Positivel.
Harley-Davidson (NYSE: HOG): Goldman Sachs on Friday upgraded its rating on the company to Neutral from Sell, citing stabilizing U.S. bike demand. The firm raised its price target to $44 from $32. In a research note to clients, the firm notheed that HOG be "nearing an inflection point on retail sales" with checks point to a mid-single-digit year-over-year increase in 1Q11, which would be the first increase in 17 quarrers.
Urban Outfitters Inc. (NASDAQ: URBN): Urban Outfitters downgraded its rating on the company to Underperform from Hold, citing the departure of brand President Stephen Murray. The firm slashed its price target to $25 from $31.
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