Monday, January 9, 2012

Broadcom (BRCM) (P) (RBS) (EE) (AKAM) (BLK) Ratings, Price Targets

Broadcom (NASDAQ:BRCM), Pandora Media (NYSE:P), Royal Bank of Scotland Group (NYSE:RBS), El Paso Electric (NYSE:EE), Akamai Technologies (NASDAQ:AKAM) and BlackRock (NYSE:BLK) ratings and price targets.

Needham initiated coverage on Pandora Media (P). They have a "Buy" rating and price target of $13.00 on the company.

Deutsche Bank (NYSE:DB) upgraded Broadcom (BRCM) from a "Hold" rating to a "Buy" rating.

JPMorgan Cazenove upgraded Royal Bank of Scotland Group (RBS) from an "Underweight" rating to a "Neutral" rating.

Jefferies (NYSE:JEF) upgraded El Paso Electric (EE) from an "Underperform" rating to a "Hold" rating. They have a price target of $34.50 on the company, up from $28.00.

Citigroup (NYSE:C) downgraded Akamai Technologies (AKAM) from a "Neutral" rating to a "Sell" rating.

Goldman Sachs (NYSE:GS) removed BlackRock (BLK) from its list of Conviction Buys.

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