Facebook (NASDAQ:FB): Stifel believes that Facebook’s revenue growth is beating expectations during the third quarter, while its margins remain high. The firm thinks the company is continuing to gain ad share and keeps a Buy rating on the stock, raising its price target on the shares from $38 to $50.
Intel (NASDAQ:INTC): Argus thinks that Intel is poised to gain an edge with new smartphone and tablet products that have an advantage in terms of size and performance, and are more competitive because of ARM-based chips. The firm upgraded the shares to a Buy rating with a price target of $28.
Splunk (NYSE:SPLK): FBR Capital has upgraded Splunk to Outperform from Market Perform due to increased confidence in Splunk’s product cycle and secular trends following last night’s solid report and guidance. The price target on the shares has been raised to $61 from $48.
Staples (NASDAQ:SPLS): JPMorgan downgraded Staples to Neutral from Overweight. The firm lowered estimates to reflect secular pressures and mix, sinking the price target on the shares to $15 from $17.