Analysts Upgrade Ratings and Price Targets on These Tech Stocks in December: TLEO, TXN, WFR

Wall St. Watchdog reveals information about companies for which stock analysts upgraded shares in the Technology sector for the week ending December 9th, 2011.

  • Taleo (NASDAQ:TLEO): BMO Capital Markets upgraded its rating on this company from Market Perform to Outperform and changed its price target from $28 to $40 on Dec 5th. The shares recently traded at $41.54, up $2.04, or 5.16% since the analyst’s rating. About the company: Taleo Corporation is a provider of enterprise staffing management solutions that enable large organizations to establish, automate and manage worldwide staffing processes for professional, hourly and temporary staff. Get the most recent company news and stock data here >>
  • Texas Instruments (NYSE:TXN): JMP Securities upgraded its rating on this company from Mkt Perform to Mkt Outperform and changed its price target to $36 on Dec 6th. The shares recently traded at $29.13, down $1.29, or 4.24% since the analyst’s rating. About the company: Texas Instruments Incorporated is a global semiconductor company that designs and supplies analog technologies, digital signal processing (DSP) and microcontroller (MCU) semiconductors. The Company also operates materials and controls, and educational and productivity solutions businesses. Texas Instruments has manufacturing or sales operations in countries around the world. Get the most recent company news and stock data here >>
  • MEMC Elec (NYSE:WFR): Collins Stewart upgraded its rating on this company from Neutral to Buy and changed its price target to $5.5 on Dec 9th. The shares recently traded at $4.11, down $0.31, or 7.01% since the analyst’s rating. About the company: MEMC Electronic Materials, Inc. produces silicon wafers. The Company’s products are used in computers, telecommunications equipment, automobiles, consumer electronics products, industrial automation and control systems, and analytical and defense systems. MEMC operates manufacturing facilities in Italy, Japan, Malaysia, South Korea, Taiwan, and the United States. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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