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Deutsche Bank Reduces Acme Packet To ‘Hold’ On Near-Term Caution

Deutsche Bank (DB) slashed its rating and price target on Acme Packet Inc. (NASDAQ: APKT) on near-term caution after the networking equipment maker cut its full-year forecast. The company now sees non-GAAP earnings per share of $1.03 to $1.05 on revenue between $308 million and $310 million for 2011. DB analyst Brian Modoff moved down [...]

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Analysts Upgrade Shares of these Basic Materials Companies This Month

Wall St. Watchdog reveals information about companies for which stock analysts upgraded shares in the Basic Materials sector for the week ending December 9th, 2011. Polypore Intl (NYSE:PPO): BB&T Capital Mkts upgraded its rating on this company from Hold to Buy and changed its price target to $70 on Dec 5th. The shares recently traded [...]