MetroPCS (PCS) (SIMG) (JCOM) (OPEN) (MDRX) Price Targets Changed

MetroPCS (NYSE: PCS), Silicon Image, Inc. (NASDAQ: SIMG), j2 Global (NASDAQ: JCOM), OpenTable Inc (NASDAQ: OPEN) and Allscripts Healthcare Solutions (NASDAQ: MDRX) price targets adjusted by analysts.

j2 Global (JCOM) had its price target raised by FBR Capital from $31.00 to $33.00. They have a “Market Perform” rating on the company.

Allscripts Healthcare Solutions (MDRX) had its price target lowered by FBR Capital from $22.00 to $19.00. They have a “Market Perform” rating on the company.

OpenTable Inc. (OPEN) had its price target lowered by Oppenheimer from $115.00 to $93.00. They have an “Outperform” rating on the company.

MetroPCS (PCS) had its price target lowered by Citigroup (NYSE:C) from $19.00 to $15.00. They have a “Buy” rating on the company.

Silicon Image, Inc. (SIMG) had its price target lowered by Northland Securities from $11.00 to $8.00. They have an “Outperform” rating on the company.

Sprint (S) (PTEN) (UNP) (TRMB) (SIMG) (OXY) Upgraded

Sprint Nextel (NYSE: S), Patterson-UTI (NASDAQ: PTEN), Union Pacific (NYSE: UNP), Trimble Navigation (NASDAQ: TRMB), Silicon Image, Inc. (NASDAQ: SIMG) and Occidental Petroleum Co. (NYSE: OXY) upgraded by analysts.

Sprint Nextel (S) was upgraded by Macquarie from an “Underperform” rating to a “Neutral” rating.

Patterson-UTI (PTEN) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.

Union Pacific (UNP) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.

Trimble Navigation (TRMB) was upgraded by Canaccord Genuity from a “Hold” rating to a “Buy” rating. They have a price target of $53.00 on the company, up from $52.00.

Silicon Image, Inc. (SIMG) was upgraded by Merriman Curhan Ford from a “Neutral” rating to a “Buy” rating.

Occidental Petroleum Co. (OXY) was upgraded by Societe Generale from a “Hold” rating to a “Buy” rating.

Emerson (EMR) (BKCC) (CRME) (SIMG) Get Ratings Upgrades

Shares of BlackRock Kelso (NASDAQ:BKCC), Cardiome Pharma (NASDAQ:CRME), Emerson (NYSE:EMR) and Silicon Image (NASDAQ:SIMG) all upgraded today by several brokerages.

BlackRock Kelso (BKCC) was upgraded by UBS (NYSE:UBS) from "Neutral" to "Buy."

Cardiome Pharma (CRME) was upgraded by RBC Capital Markets from "Sector Perform" to "Outperform."

Emerson (EMR) was upgraded by Oppenheimer from "Perform" to "Outperform."

Silicon Image (SIMG) was upgraded by Needham from "Hold" to "Buy." Silicon Image is soaring today, jumping to $8.48, gaining $0.92, or 12.17 percent, as of 2:56 PM EDT. Volume was over 3 times the 3-month daily average.

Silicon Image (NASDAQ:SIMG) Business Model Driving Share Gains

Silicon Image (NASDAQ:SIMG) has a business model which is driving share gains and are at the beginning of a multi-year product cycle, says Needham, which sees the company's share value growing over 30 percent.

Needham says, "Last week, SIMG’s CEO (Camillo Martino) and CFO (Noland Granberry) presented at the Needham 13th Annual Growth Conference. In our opinion, there were three notable items from the conference: 1) SIMG added a new HDMI DTV customer (we think LG-N/R); 2) introduced ViaPort technology to further differentiate from the SoCs; and 3) cable attach rates for MHL could add incremental revenues. Broadly, SIMG is in the first inning of a multi-year product cycle in mobile- DTV connectivity. In fact, we believe MHL could be a defacto standard on the majority of smartphones over the next 2-3 years. Moreover SIMG’s innovative standard-plus business model is driving share gains and growth in the DTV market. With the stock trading at a compelling valuation and multiple growth drivers, we continue to see value for the shares north of 30%...We are introducing our 2012 estimates of $270MM/$0.55. Our 2011 estimates of $220MM/$0.35 remain unchanged."

Needham & Company reiterates a "Buy" rating on Silicon Image (SIMG), which closed Wednesday at $7.27 gaining $0.32, or 4.60 percent. Needham boosted their price target on Silicon Image from $7 to $10.