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Apple Upgraded, GoPro Gets New Overweight Rating but Itron Downgraded


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.