Apple Upgraded, GoPro Gets New Overweight Rating but Itron Downgraded

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Apple Upgraded, GoPro Gets New Overweight Rating but Itron Downgraded

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Apple Upgraded, GoPro Gets New Overweight Rating but Itron Downgraded

by TheStreet 0:55 mins

Apple Upgraded, GoPro Gets New Overweight Rating but Itron Downgraded

by TheStreet 0:55 mins

In Monday's Analysts' Actions, technology stocks are getting attention with analyst revisions and initiations. Apple (APPL) was upgraded to 'Outperform' from 'Market Perform' at JMP Securities. The firm has a $135 price target on the stock. GoPro (GPRO) is now being covered at J.P. Morgan (JPM) with an Overweight rating with a 12-month price target of $51 a share. The firm says GoPro is a profitable, fast growth business, but warns the stock is likely to be volatile. Itron (ITRI) was downgraded at Bank of American/Merrill Lynch (BAC). Despite Itron being a leading technology provider to the global energy and water industries, BofA sees the company facing increased growth risk. The price target is $39 for the stock. TheStreet's Susannah Lee reports from Wall Street.

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