Facebook (NASDAQ:FB): Piper Jaffray has raised its price target for Facebook to $57, citing the upcoming video offering and Instagram monetization. Piper sees further upside for shares of Facebook but believes other large cap stocks may be more attractive given the recent run-up in the name. The firm maintains an Overweight rating.
BlackBerry (NASDAQ:BBRY): Macquarie upgraded BlackBerry to Neutral from Underperform based on a sum-of-the-parts valuation and believes a deal will happen in the $6-to-$9 range rather quickly. The price target for BlackBerry is $7.
Qualcomm (NASDAQ:QCOM): Bank of America Merrill Lynch downgraded Qualcomm to Neutral from Buy based on expectations that revenue and earnings growth will sharply decelerate over the next two years, presumably due to a peak in royalty revenues and possibly a decline in absolute terms over the next five years.
Lazard (NYSE:LAZ): Goldman upgraded Lazard to Conviction Buy from Neutral due to business mix that is leveraged to mergers and acquisitions, improving advisory and asset management top-line growth outlook, and debt restructuring. The price target is $45.
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