Almost Family (AFAM), KLA-Tencor (KLAC), F5 Networks (FFIV), Medtronic (MDT), Edwards Lifesciences (EW), Schnitzer Steel (SCHN), HomeAway (AWAY), Phoenix Companies (PNX) were upgraded or downgraded by analysts.
KLA-Tencor (KLAC) upgraded to Overweight from Neutral at JP Morgan.JP Morgan upgraded KLA-Tencor on expectations the stock will outperform with semiconductor fundamentals troughing. The firm raised its price target for shares to $52 from $43.
Novellus (NVLS) downgraded to Neutral from Overweight at JP Morgan.JP Morgan downgraded Novellus (NVLS) citing potential risk from the merger with Lam Research (LRCX) not receiving shareholder approval. The firm does not believe there will be another bidder for Novellus.
F5 Networks (FFIV) upgraded to Outperform from Perform at Oppenheimer.Oppenheimer upgraded F5 Networks based on expectations for ADC market share gains, further opportunities at carriers, and new initiatives in the security market. Price target is $125.
Medtronic (MDT) initiated with a Neutral at Susquehanna Target $40.
Edwards Lifesciences (EW) upgraded to Top Pick from Outperform at RBC Capital.RBC Capital upgraded Edwards Lifesciences based on expectations for a positive Cohort A July 20, 2012 FDA advisory panel and TAVR potential, among other reasons. Price target raised to $92 from $90.
Schnitzer Steel (SCHN) downgraded to Underperform from Outperform at CLSA.CLSA downgraded Schnitzer Steel given its wekaer than expected guidance. Price target lowered to $43 from $44.
Phoenix Companies (PNX) initiated with an Outperform at FBR Capital Target $3.
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