Wednesday, April 27, 2011

Nokia (NOK) (HSP) (ROP) (RVBD) Get Ratings Updates

Hospira (NYSE:HSP), Nokia (NYSE:NOK), Roper Industries (NYSE:ROP) and Riverbed Technology (NASDAQ:RVBD) all received ratings updates from several brokerages.

Hospira (HSP) was downgraded by Citigroup (NYSE:C) from "Hold" to "Sell." Catalysts, according to Citi, were strong 2011 first quarter upside and an announced $1 billion share buyback program. Citigroup boosted its price target on Hospira from $52 to $54.

Nokia (NOK) is rated new "Hold" by ThinkEquity. They have a price target of $8 on the company. They said Nokia is facing a long transition from its legacy Symbian products to Windows Phone 7.

Roper Industries (ROP) was downgraded by Oppenheimer from "Outperform" to "Perform." Oppenheimer cited valuation as the catalyst.

Riverbed Technology (RVBD) is rated new "Outperform" by Morgan Keegan. They placed a price target of $45 on Morgan. They note that Riverbed is a market leader and is expanding its commercial footprint.

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