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Analysts' Rating And Target Changes: AAPL, ADBE, CIEN, CLWR, ENDP, ESV

 December 14, 2012 12:54 PM

(By Balachander) A number of stocks were upgraded, downgraded and price target changed by equities research analysts on Friday.

Apple Inc. (NASDAQ: AAPL): UBS lowered its price target on the stock to $700 from $780. Shares retreated 3.39 percent to trade at $511.75.

Adobe Systems Inc. (NASDAQ: ADBE): JMP Securities upgraded its rating on the stock to "outperform" from "underperform". Janney Capital downgraded its rating to "neutral" from "buy". Citigroup raised its price target to $42 from $38. Shares jumped 5.95 percent to trade at $37.65.

[Related -Google Inc (GOOG): Why Nest Labs Deal Is A Wakeup Call For Apple Inc.?]

Ciena Corp. (NASDAQ: CIEN): BMO Capital downgraded its rating on the stock to "market perform" from "outperform". Shares added 1.01 percent to trade at $15.96.

Clearwire Corp. (NASDAQ: CLWR): Guggenheim downgraded its rating on the stock to "neutral" from "buy". Shares traded flat at $3.16.

Endo Health Solutions Inc. (NASDAQ: ENDP): Needham downgraded its rating on the stock to "underperform" from "hold". Shares dropped 2.06 percent to trade at $26.10.

[Related -Apple Inc. (NASDAQ:AAPL): Why Gross Margins Will Expand In 2014 and Beyond?]

Ensco Plc (NYSE: ESV): Jefferies upgraded its rating on the stock to "buy" from "hold". Shares rose 0.28 percent to trade at $57.16.

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