Analysts Upgrades & Downgrades: AKAM, CIEN, YNDX, UPL, NUAN, UPS, MET, CMG
Friday, January 13, 2022 10:33 AM



As the US stocks trade lower on Friday after JPMorgan results disappointed investors and on reports of coming downgrades of euro-zone nations by rating agency Standard & Poor's, several stocks were either upgraded or downgraded by analysts and rating agencies. Some notable stocks are discussed here.

Akamai Technologies Inc. (Nasdaq: AKAM) has been downgraded by analysts at DA Davidson brokerage firm to neutral from buy with a price target of $36 per share. The firm said in a research note, that the stock has gained 20 percent in the last one month, but the first quarter guidance could harm the stock’s upswing. AKAM is trading lower by 2.89 percent to $32.60, after the downgrade on Friday.

Ciena Corporation (Nasdaq: CIEN) has been upgraded by analysts at Northland Securities to outperform from neutral. The brokerage firm also raised its price target to $20 a share from $12.5 per share. Ciena is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic. CIEN was trading lower by 0.21 percent to $14.57 a share.

Analysts at HSBC Securities has initiated coverage for Yandex NV (NASDAQ: YNDX) with a underweight rating and has set a price target of $18.90 per share on Friday.  YNDX was down 2.89 percent to $18.50 on Friday.

Analysts at Stifel Nicolaus has downgraded the stock rating of Ultra Petroleum Corporation (NYSE: UPL) to hold from buy and has removed its $55 price target on the stock. Recently analysts at Canaccord Genuity upgraded the stock rating to buy from hold. UPL was trading lower by 2.72 percent to $25.77 a share.

Nuance Communications Inc. (NASDAQ: NUAN) has been upgraded by analysts at Longbow brokerage firm to buy from neutral with a price target of $35 per share. Yesterday, Next Inning Technology Research had updated its outlook on the company. NUAN was trading higher by 0.17 percent to $28.80 on Friday.

Analysts at JPMorgan has downgraded the stock rating of United Parcel Service Inc. (NYSE: UPS) to neutral from overweight, but maintained its price target of $82 per share. The bank said that lower volumes and higher costs are the reasons for the downgrade. UPS was down 1.87 percent to $73.34 a share.

MetLife Inc. (NYSE: MET) has been downgraded by analysts at Raymond James brokerage firm to market perform from strong-buy, it said in a research note to the investors on Friday. The company is expected to report its fourth quarter and fiscal 2011 results next month. MET was trading down by 3.48 percent to $34.68 a share.

Chipotle Mexican Grill Inc. (NYSE: CMG) has been upgraded by analysts at William Blair brokerage firm to outperform from market perform. The company is scheduled to report its fourth quarter results on February 1, 2012. CMG was trading higher by 1.84 percent to $354 a share, after the upgrade.

 

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