Carnival (NYSE:CCL): Goldman Sachs has upgraded Carnival to Buy from Neutral based on valuation, an earnings trough, and catalysts that include new management strategy and expectations for a U.S. and European recovery. The price target is $42.
Cisco Systems (NASDAQ:CSCO): Piper Jaffray recommends buying into the pullback of Cisco shares and reiterates an Overweight rating on the stock with a $29 price target. While the firm expects shares to be under pressure in the near-term following the weaker-than-expected outlook, it remains confident that Cisco will hit its long-term growth model of 5 percent-7 percent.
National Oilwell (NYSE:NOV): RBC Capital has upgraded National Oilwell to Outperform from Sector Perform due to strong backlog, potential increased Rig Tech margins, and PSS improvement due to increased U.S. well count and international activity. The price target was raised to $86 from $78.
NetApp (NASDAQ:NTAP): Piper Jaffray says that NetApp’s first quarter results were “nearly flawless,” and attributes the post-earnings share pullback to heightened expectations and weaker-than-expected results from other tech companies on Wednesday night. Piper says NetApp continues to gain market share and reiterates an Overweight rating on the stock with a $45 price target.
Don’t Miss: Are Home Builders Floating on Cloud Nine?