Analyst calls 1-10-07

Posted Jan 10th 2007 8:33AM by Jon Ogg
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Apple Inc (AAPL), International Business Machines (IBM), Analyst Initiations

Alcoa Inc. (NYSE:AA) reiterated Overweight and target raised to $35 at Prudential. UBS reiterated Buy and raised target to $37 after beating earnings expectations; stock indicated up 4%. Here is the earnings reaction last night.

Apple Computer Inc. (NASDAQ:AAPL) noted positively by several bulge bracket firms this morning: Deutsche Bank reiterated Buy and raised target to $125; Merrill Lynch reiterated Buy and target raised to $112; UBS reiterated Buy and raised target to $118. These and others were expected after the company's strong move at MacWorld yesterday.

BP Plc (NYSE:BP) cut to Peer Perform at Bear Stearns.

Cryptologic (NASDAQ:CRYP) was raised to Accumulate at ThinkEquity after it acquired Poker Brand and based on valuation of overseas business in online gambling.

Ericsson (NASDAQ:ERIC) raised to Buy at Deutsche Bank, although Banc of America has cautious notes on the sector.

IBM (NYSE:IBM) rating cut to Hold at A.G.Edwards based on valuation; Doug's mid-year price target was set at $105 internally.

Visit the full research list of 24/7 Wall St.

Tags: Alcoa, BP, CRYP