WWW - Posts tagged TYPE at BloggingStocks

TYPE posts

Analyst upgrades, downgrades and initiations: PALM, MT, MGM, COF ...

Analyst upgrades:

Piper upgraded shares of Palm (NASDAQ: PALM) to Buy from Neutral following the company's negative Q3 pre-announcement as it believes the launch of Pre will drive longer term profitability. Piper raised its target price on shares to $10 from $4.
Jefferies upgraded Monotype Imaging (NASDAQ: TYPE) to Buy from Hold as it believes the valuation is compelling at current levels and the company's debt is manageable. Despite upgrading, Jefferies lowered its target price to $4 from $6.
Citigroup raised Arcelor Mittal (NYSE: MT) to Hold from Sell as it believes the company's productions cuts and lower dividends are positive.
Celanese (NYSE: CE) was upgraded to Buy from Neutral at Goldman and added to the firm's Conviction Buy List.
Aegon (NYSE: AEG) was lifted at UBS to Neutral from Sell.
Sun Healthcare (NASDAQ: SUNH) was upgraded at Stephens to Overweight from Equal Weight.

MOST NOTEWORTHY: Assured Guaranty, Limelight Networks and Monotype Imaging were today's noteworthy initiations:

UBS expects Assured Guaranty (NYSE: AGO) to increase shares in the public finance guaranty market and take advantage of reinsurance opportunities. Shares were initiated with a Buy rating and $31 target.
Merriman assumed Limelight Networks (NASDAQ: LLNW) with a Neutral rating. The firm believes investors should remain cautious until a ruling in the company's patent infringement trial is handed down.
Monotype Imaging (NASDAQ: TYPE) was initiated at Banc of America with a Buy rating and $16 target. The firm highlighted the company's strong revenue visibility and attractive valuation. Shares were also initiated at JP Morgan with an Overweight rating, citing TYPE's discounted valuation and solid IP licensing franchise.

OTHER INITIATIONS:

B. Riley assumed National Penn Bancshares (NASDAQ: NPBC) with a Neutral rating and $16 target.
Vestas Wind Systems (OTC: VWSYF) was initiated at Jefferies with a Hold rating.
UBS started MBIA Inc (NYSE: MBI) with a Neutral rating and $6 target.
Morgan Joseph initiated DXP Enterprises (NASDAQ: DXPE) with a Buy rating and $53 target.