jefferies co

In yet another confirmation of what we already predicted, Jefferies & Co. analyst Peter Misek said in a Friday research note that Apple's iPhone 5 isn't likely to include LTE.

It will launch in September, and won't be the iPhone 5, but the iPhone 4S, he said.

UPGRADES Jefferies & Co. upgrades Research in Motion (Nasdaq: RIMM) from Hold to Buy, with a price target increased from $55 to $80. Click Here for more color.

ISI Group upgrades Citigroup (NYSE: C) from Hold to Buy, with a price target increased from $5 to $5.50.

UPGRADES Jefferies & Co. upgrades Cirrus Logic Inc.

(Nasdaq: CRUS) from Hold to Buy, with a price target of $20. Click Here for more color.

BofA/Merrill Lynch upgraded Green Mountain Coffee Roasters (Nasdaq: GMCR) from Underperform to Buy. Robert W.

There are three days to go until Google announces its third quarter financial results, and this morning, the search giant benefited from another show of support.  Jefferies & Co. analyst Youssef Squali raised his price target.

Squali now believes Google's capable of hitting $680, as opposed to just $660 (his previous price target).  For reference, Google's stock is currently hovering around $541, so that would represent a nice increase of about 25 percent.

UPGRADES Bristol-Myers Squibb (NYSE: BMY) gets an upgrade from two firms today, on positive ASCO data presentations:

• Goldman Sachs upgrades from Neutral to Buy with a $30 price target. Click Here for more color; and
• Hapoalim Securities upgrades from Sell to Hold.

Although shareholders didn't respond too well to Google's first quarter earnings report - Google's stock dipped afterward, and is now down 5.80 percent - analysts generally liked what they saw.  A roundup determined that four brokerages raised their price targets, while just two cut them.

UPGRADES InterMune, Inc. (NASDAQ: ITMN) gets some love from three firms:

• Wells Fargo upgrades from Market Perform to Outperform.
  
  Valuation range increased to $40-$46 from $23-$27. Click Here for more color.
• ThinkEquity upgrades to Buy from Hold.
• Canaccord Adams lifted their price target to a "Street high" of $66 per share, and maintained their Buy rating.

UPGRADES Jefferies & Co upgrades Rosetta Stone (NYSE: RST) from Hold to Buy.

Price target raised from $24 to $29. Goldman Sachs upgrades two pharma's from Sell to Neutral:

• AstraZeneca plc (NYSE: AZN); and
• GlaxoSmithKline plc (NYSE: GSK). Click Here for more color.

Deutsche Bank upgrades China Unicom (NYSE: CHU) and China Telecom (NYSE: CHA) from Hold to Buy.

UPGRADES Piper Jaffray upgrades ReneSola Ltd.

(NYSE: SOL) from Underweight to Overweight. Click Here for more color.

An analyst at Citi has upgraded shares of Palm (NASDAQ: PALM) from Sell to Hold this morning. The analyst also maintained his price target of $10.

Credit Suisse upgrades Copa Holdings (NYSE: CPA) from Neutral to Outperform.

UPGRADES Morgan Stanley upgrades Home Depot (NYSE: HD) from Equal Weight to Overweight with a $35 price target.

Collins Stewart upgrades Amazon.com (NASDAQ: AMZN) to Buy. Price target $150. Click Here for more color.

Jefferies & Co upgrades Accuray (NASDAQ: ARAY) from Hold to Buy. Price target increased from $6.50 to $8. Baird upgrades Winnebago Industries (NYSE: WGO) from Underperform to Neutral.