Equity Brief: Ratings Changes for November 13th: AAPL, ADSK, AL, ALB, AMZN, APD, ARI, BA, BBNK
Sterne Agee reiterated its buy rating on shares of Apple, Inc (NASDAQ: AAPL). They have a $840.00 price target on the stock. They wrote, "AAPL and HTC announced this past weekend that they have settled their litigation and will engage in a 10-year cross licensing arrangement. Financial terms were not disclosed but we believe AAPL is likely getting a net licensing fee due to its much stronger patent portfolio and we think position as undisputed inventor of the modern smart phone with touchscreen. We view this as a positive and the big question is whether Samsung and Motorola will also reach settlement agreements[.]"
Goldman Sachs reiterated its sell rating on shares of Autodesk (NASDAQ: ADSK). They have a $25.00 price target on the stock.
Maxim Group upgraded shares of Air Lease Corp (NYSE: AL) from a hold rating to a buy rating. Maxim Group now has a $28.00 price target on the stock.
Goldman Sachs upgraded shares of Albemarle Co. (NYSE: ALB) from a neutral rating to a buy rating. Goldman Sachs now has a $67.00 price target on the stock, up previously from $62.00.
Cantor Fitzgerald reiterated its buy rating on shares of Amazon.com, Inc. (NASDAQ: AMZN). They have a $285.00 price target on the stock.
Goldman Sachs upgraded shares of Air Products & Chemicals, Inc. (APD) from a neutral rating to a buy rating. Goldman Sachs now has a $96.00 price target on the stock, up previously from $86.00.
JMP Securities upgraded shares of Apollo Commercial Real Est. Finance Inc (ARI) from a market perform rating to an outperform rating. JMP Securities now has a $17.50 price target on the stock.
Barclays Capital reiterated its overweight rating on shares of Boeing (BA). They have a $95.00 price target on the stock, up previously from $85.00.
Sandler O'Neill upgraded shares of Bridge Capital Holdi (BBNK) from a hold rating to a buy rating.
Barrington Research raised its price target on shares of Belden (BDC) from $40.00 to $44.00. They have an outperform rating on the stock.
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Source: Equity Brief via Thomson Reuters ONE