This morning, JP Morgan upgraded shares of Cisco (NASDAQ:CSCO) from underweight to neutral as the market for enterprise equipment is beginning to improve. With the upgrade, JP Morgan set a $26 price target. Shares of Cisco were lower with the markets today, slipping just about 1%.
Lazard Capital Markets increased its price target on shares of the Gap (NYSE:GPS) to $52 as the company's new earnings forecast is encouraging. In the report, Lazard increased its EPS estimates as well and reiterated its buy rating. Shares of GPS were lower on Friday, falling 3.4%.
And BMO Capital increased its price target on shares of Time Warner (NYSE:TWX) to $65 following strong earnings from the company this week. In the report, BMO raised its EPS estimates and maintained its market perform rating. Shares of TWX were flat on Friday, trading just below $64.
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