ARM Holdings (NASDAQ:ARMH): Benchmark Co. has upgraded shares of ARM Holdings to Buy up from Hold, on the basis of the recent pullback in shares. The analyst also points out that the firm was upgraded at Piper Jaffray, and puts a a $45 price target on the shares.
Lumber Liquidators (NYSE:LL): Credit Suisse would use the recent share weakness as a buying opportunity, as it views perceived product quality concerns as an isolated incident. The firm sees upside to the company’s numbers, and reiterates its Outperform rating and $88 price target.
Barrick Gold (NYSE:ABX): Credit Suisse has downgraded Barrick Gold to Neutral from Outperform, due to revised gold price forecasts, Pascua Lama development uncertainty, debt, and potential write-downs. The firm has also dropped the price target from $36 to $20.
Netgear (NASDAQ:NTGR): Goldman Sachs has downgraded Netgear to Sell from Neutral and lowered its estimates based on expectations that the U.S. retail WLAN market is in a secular decline, due to increased WLAN integration in consumer premise equipment. The firm expects slower share gains for Netgear given increased competition and peak market share levels, and puts a price target at $28, down from $33.
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