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.
