Universal Display (PANL), F5 Networks (FFIV), Corning (GLW), ARM Holdings (ARMH), Waters (WAT), Illumina (ILMN), Mettler-Toledo (MTD), FedEx (FDX) , UPS (UPS),PNC Financial (PNC),FirstMerit (FMER) were upgraded or downgraded by analysts.
Universal Display (PANL) initiated with a Buy at KeyBanc.KeyBanc expects Universal Display to have substantial earnings growth driven by OLED adoption in handsets, followed by notebooks, TVs and general lighting. Target $45.
F5 Networks (FFIV) reinitiated with an Outperform at Morgan Keegan.
Corning (GLW) initiated with a Hold at KeyBanc.
ARM Holdings (ARMH) coverage assumed with a Neutral at Nomura
Waters (WAT) initiated with a Buy at Cantor Target $86.
Illumina (ILMN) initiated with a Hold at Cantor Target $35.
Mettler-Toledo (MTD) initiated with a Buy at Cantor Target $175.
FedEx (FDX) initiated with an Outperform at Wells Fargo Price target range $102-$106.
UPS (UPS) initiated with a Market Perform at Wells Fargo Price target range $80-$82
PNC Financial (PNC) downgraded to Perform from Outperform at Oppenheimer Oppenheimer downgraded PNC Financial citing valuation.
FirstMerit (FMER) downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded FirstMerit citing valuation.
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