JDA Software (JDAS), VMware (VMW), Akamai (AKAM), Wisconsin Energy (WEC), Metabolix (MBLX) and Citrix Systems (CTXS) were upgraded or downgraded by analysts.
JDA Software (JDAS) downgraded to Market Perform from Outperform at JMP Securities.JMP Securities downgraded JDA Software following its disappointing Q4 report.
VMware (VMW) downgraded to Sell from Neutral at Citigroup.Citigroup downgraded VMware (VMW) to Sell citing concerns about a slowdown in the server business and lowered its price target for shares to $80 from $87. Citi expects VMware to guide 2012 revenue growth below the consensus estimate of 20%. The firm recommends selling VMware and buying Citrix Systems (CTXS), which it upgraded this morning to Buy.
Akamai (AKAM) downgraded to Neutral from Buy at DA Davidson.DA Davidson downgraded Akamai based on valuation. Price target is $36.
Wisconsin Energy (WEC) downgraded to Neutral from Outperform at RW Baird.Baird downgraded shares based on relative valuation. Price target is $35.
Metabolix (MBLX) downgraded to Hold from Buy at Jefferies.Jefferies downgraded Metabolix after ADM terminated the Telles joint venture with the company. The firm lowered its price target for shares to $4 from $9.
Citrix Systems (CTXS) upgraded to Buy from Neutral at Citigroup.Citigroup upgraded Citrix Systems citing potential upside to 2012 consensus estimates and raised its price target for shares to $78 from $58.
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