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Barclays Talks Tech Stocks, Pinnacle Foods Gets Upgrade


A big day for tech stock coverage. Barclays is initiating coverage of almost all the major tech stocks today. The coverage list includes Google (GOOG), Facebook (FB), Linkedin (LNKD), Twitter (TWTR), Netflix (NFLX), Amazon (AMZN), eBay (EBAY) and Yahoo (YHOO). But it's rating for Netflix is catching investor's eyes. Barclays gave Netflix an Underweight rating. The firm says the on-demand Internet streaming media provider is slowing in international sales. Barclays put a $390 price target on Netflix. Better news at Pinnacle Foods (PF) from RBC Capital. M&A prospects are what's stirring RBC's bullish call on the salad dressing maker. TheStreet's Susannah Lee is at Wall Street with the details.