(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 -Why Apple's (AAPL) Outlook Is Improving Heading Into 2014]
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 -Fusion-IO, Inc. (NYSE:FIO): Stiff Competition May Hurt Margins; M&A Remains Key Catalyst]
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.