Market News Call

Fiscal Cliff Drives Investors to Equity ETFs

With the end of the year upon them and the issue of the “fiscal cliff” unresolved, those investors who did not allocate their cash to money market mutual funds (+$82.9 billion net) looked instead



Notable Analysts’ Recommendations

AT&T – Evercore cut price target to $36.50 from $37 citing margin pressure due to higher-than-anticipated smartphone activations and consequent subsidy expense. Celgene – Baird raised target price to $107 from $92 following the success of


Notable Analysts’ Recommendations

Altera: Raymond James raised price target to $40 from $37 citing that Altera remains in a favorable position cyclically (lean channel inventory, potential communications recovery on 4G rollouts) and secularly (share gains from ASICs/ASSPs). Apple: Nomura cut target