Analyst Actions: NOK, SLB, CVLT, SNV, JKS, GDOT
Tuesday, September 07, 2021 10:06 AM

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Nokia Corp. (NYSE: NOK): Morgan Stanley on Tuesday upgraded its rating on the company from Underweight to Overweight and lifted its price target to 9 euros from 6.50 euros. Shares of the handset maker rallied more thn 3% in morning trading.

Schlumberger Limited (NYSE: SLB): Goldman Sachs resumed coverage on shares of Schlumberger with a Buy rating and $68 price target.

CommVault Systems (NASDAQ: CVLT): Morgan Keegan this morning downgraded the stock to Market Perform from Outperform. Shares of the company fell more than 1% in Tuesday morning. 

Synovus Financial (NYSE: SNV): Wunderlich Securities on Tuesday raised its rating on Synovus Financial to Buy from Hold.

JinkoSolar Holding Co., Ltd. (NYSE: JKS): Auriga Securities on Tuesday lowered its rating on JinkoSolar Holding to Hold from Buy, citing valuation. In a research note to clients, the firm stated, "Long-term investors may still find further upside to the shares as we assign a below-average P/E of just 7x given JKS' recent entry into the competitive PV industry, while short-term investors should find the current price level attractive to recognize profits. We continue to be supporters of Jinko Solar but acknowledge that the risk reward profile is less attractive given the recent and steep rise in the share price, yet industry fundamentals continue to be strong." Shares of the company dropped more than 2% in early trading.

Green Dot Corporation (NASDAQ: GDOT): Morgan Stanley initiated coverage on the company with an Overweight rating and a price target of $60.

Disclosure: Author doesn't own any of the stocks discussed here.



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Market news:

  • FCC opens up unused TV signals for broadband Sep 23, 2021 03:12 PM

    • WASHINGTON - The Federal Communications Commission is opening up unused airwaves between television stations for wireless broadband networks that will be more powerful and can travel farther than today's Wi-Fi hotspots.
    • FCC Chairman Julius Genachowski said white spaces networks will serve as "a powerful platform for innovation," driving billions in industry investment.
    • Leading technology companies, including Google Inc., Microsoft Corp. and Dell Inc., are eager to develop the market.
      • Congress sends small business bill to Obama Sep 23, 2021 03:12 PM

        • WASHINGTON - Democrats controlling Congress are sending President Barack Obama a long-delayed bill to help struggling small businesses with easier credit and give them other incentives to expand and to hire new workers.
        • It establishes a $30 billion government fund to help Main Street banks lend to small businesses and cut taxes on both big and small businesses.
        • The legislation is aimed at easing a small-business credit crunch that worsened dramatically after the financial crisis two years ago.
          • Nationals president Stan Kasten leaving club Sep 23, 2021 02:55 PM

            • WASHINGTON - Stan Kasten says he will resign as president of the Washington Nationals at the end of the season.
            • Kasten's announcement Thursday comes with the Nationals headed toward a third consecutive last-place finish in the NL East.
            • In May 2006, Kasten was part of the group led by Washington-area real estate developer Ted Lerner that was picked by Major League Baseball to buy the Nationals.
              • Initial claims for unemployment aid rise to 465K Sep 23, 2021 02:26 PM

                • WASHINGTON - Applications for unemployment benefits increased last week for the first time in five weeks.
                • The rise suggests that jobs remain scarce and some companies are still cutting workers amid weak economic growth.
                • Separately, the National Association of Realtors said sales of previously occupied homes rose 7.6 percent in August from July, to a seasonally adjusted annual rate of 4.13 million.
                  • India scrambles to save Commonwealth Games Sep 23, 2021 02:18 PM

                    • NEW DELHI - Indian officials scrambled Thursday to salvage the rapidly approaching Commonwealth Games as a growing number of competitors delayed their arrival to allow organizers time to finish their frantic preparations.
                    • Prime Minister Manmohan Singh held an emergency meeting Thursday night with his sports minister and other top officials to assess the state of preparations for the event, which is to start in little more than a week.
                    • A poll in the Hindustan Times newspaper Thursday showed 68 percent of surveyed New Delhi residents were ashamed of the games, which bring together athletes from the 71 countries and territories of the former British empire and are held every four years.

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