Nvidia (NVDA), Oracle (ORCL), Alcatel-Lucent (ALU), KeyCorp (KEY), Zynga (ZNGA), Potash (POT) and Regions Financial (RF) were upgraded or downgraded by analysts.
Nvidia (NVDA) downgraded to Underperform from Market Perform at JMP Securities.JMP Securities downgraded Nvidia citing its reduced outlook due to HDD supply disruptions and lower than expected Tegra 2 sales. Price target is $12.50.
Oracle (ORCL) downgraded to Neutral from Outperform at Macquarie.Macquarie downgraded Oracle based on reduced Exadata growth forecast, high Street expectations, and aggressive hiring and reduced productivity. Price target is $31.
Alcatel-Lucent (ALU) upgraded to Hold from Sell at Societe Generale.
KeyCorp (KEY) downgraded to Underperform from Market Perform at Keefe Bruyette.Keefe Bruyette downgraded KeyCorp with an $8 price target citing valuation and limited earnings growth.
Zynga (ZNGA) initiated with a Buy at Goldman.Target $13.
Potash (POT) downgraded to Sell from Hold at Dahlman Rose.Dahlman Rose downgraded Potash due to weakening fundamentals, higher costs from mine shutdowns, and deterioration in the global supply/demand balance. Price target is $41.
Regions Financial (RF) upgraded to Outperform from Sector Perform at RBC Capital.RBC Capital upgraded Regions Financial citing the solid quarter, valuation, and credit improvement. Price target raised to $7 from $4.
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