Top Tech Stocks
Technology stocks were still narrowly higher late Thursday
following two days of declines with shares of technology companies
in the S&P 500 adding about 0.1% this afternoon.
In company news, shares of Solar City (
) were up more than 12% in late Thursday trading and the installer
of residential and commercial solar systems today receiving an
upgrade to Overweight from Neutral at J.P.Morgan, which also set a
$72 price target for the stock.
The upgrade follows SCTY reporting strong Q1 results late
Wednesday. The stock earlier surged to a session high of $57.39 a
share, more recently trading around $53.50 a share, up 12.1%.
In other sector news,
(+) SNDK, Analysts at 10 research firms change their ratings for
the stock after the company boosts its quarterly dividend by 33% to
$0.30 per share, starting in Q3. The new ratings include an
increase to Strong Buy from Outperform at Raymond James.
(-) TDC, Sees FY14 EPS near the bottom of forecast range of
$2.85 to $3.00. Expects revenue growth of 3% to 7%, or $2.77 bln to
$2.88 bln. Street is at $2.92 per share on $2.83 bln in revenue. Q1
results top analyst projections.
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