Mellanox Technologies, Ltd. (NASDAQ:MLNX): Wunderlich has raised the price target for Mellanox from $65 to $85.
Apollo Group Inc. (NASDAQ:APOL): Because of increased start declines and decreased demand, Morgan Stanley has lowered Q3 estimates for the Apollo Group. The firm reiterates its Overweight rating.
DIRECTV (NASDAQ:DTV): According to Morgan Stanley, DirectTV shares are inexpensive as well as offering above peer growth. The firm gives DircTV and Overweight rating with a $53 price target on the stock.
Applied Materials Inc. (NASDAQ:AMAT): Stifel Nicolaus believes that Applied Materials’ appointment of Gary Dickerson as new President is significant and will point the company in the right position going forward. The firm reiterates its Buy rating and has increased its price target from $13 to $15 on the stock.
J. C. Penney Company, Inc. (NYSE:JCP): J.C. Penney’s estimates were reduced by Credit Suisse as a result of Michael Francis’ departure and checks indicating difficult sales trends. The firm gives a Neutral rating on the stock.
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