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Analysts' Rating And Target Changes: CSCO, FB, HPQ, ISRG, MSFT, WFC, S

 January 14, 2013 12:28 PM
 


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

Cisco Systems Inc. (NASDAQ: CSCO):  Baird upgraded the stock to "outperform" from "neutral" and increased price target to $25 from $21. William Blair raised the stock to "outperform" from "market perform". Shares gained 1.66 percent to trade at $20.82.

Facebook Inc. (NASDAQ: FB): Deutsche Bank raised rating on the stock to "buy" from "hold". Shares fell 2.14 percent to trade at $31.04.

[Related -Microsoft Corporation (MSFT) Earnings Preview: What To Watch In Q2 Results?]

Hewlett-Packard Co. (NYSE: HPQ): JPMorgan Chase upgraded the stock to "neutral" from "underweight". Shares advanced 3.71 percent to trade at $16.76.

Intuitive Surgical Inc. (NASDAQ: ISRG): Lazard Capital upgraded the stock to "buy" from "neutral". Shares traded 0.76 percent higher at $509.87.

Microsoft Corp. (NASDAQ: MSFT): UBS lowered price target on the stock to $35 from $37. Shares slid 0.07 percent to trade at $26.80.

[Related -JPMorgan Chase & Co. (JPM): Capital Concerns Should Ease In 2014]

Sprint Nextel Corp. (NYSE: S): JPMorgan downgraded the stock to "neutral" from "overweight". UBS reduced rating on the stock to "neutral" from "buy". Shares dropped 4.31 percent to trade at $5.66.

Wells Fargo & Co. (NYSE: WFC): Oppenheimer downgraded the stock to "perform" from "outperform". Shares traded 1.23 percent lower at $34.67.

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