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Analysts' Rating And Target Changes: AAPL, BBBY, NFLX, SNDK, SYMC, TIF

 January 24, 2013 01:18 PM

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

Apple Inc. (NASDAQ: AAPL): Jefferies downgraded the stock to "hold" from "buy". RBC Capital lowered price target to $600 from $725. Oppenheimer reduced price target to $600 from $800. Shares plunged 11.29 percent to trade at $455.83.

Bed Bath & Beyond Inc. (NASDAQ: BBBY): Oppenheimer raised the stock to "outperform" from "perform". Shares jumped 5.09 percent to trade at $59.40.

[Related -SanDisk Corporation (SNDK) Q4 Earnings Preview: What To Watch?]

Netflix Inc. (NASDAQ: NFLX): Raymond James upgraded the stock to "market perform" from "underperform". J.P. Morgan Securities raised the stock to "overweight" from "neutral". Lazard Capital upgraded the stock to "buy" from "neutral". Shares surged 37.14 percent to trade at $141.68.

SanDisk Corp. (NASDAQ: SNDK): Needham upgraded the stock to "buy" from "hold". Shares traded 3.04 percent higher at $49.10.

Symantec Corp. (NASDAQ: SYMC): Wunderlich downgraded the stock to "hold" from "buy". Oppenheimer raised price target to $25 from $21. Shares added 1.10 percent to trade at $21.70.

[Related -Fusion-IO, Inc. (FIO): Can Fusion-IO Q2 Results Cheer Street?]

Tiffany & Co. (NYSE: TIF): Canaccord downgraded the stock to "hold" from "buy". Shares dropped 0.89 percent to trade at $62.17.

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