UPDATE: J.P. Morgan Upgrades Akamai Technologies to Overweight Following March Earnings
April 25, 2013 at 10:38 AM EDT
In a report published Thursday, J.P. Morgan analyst Sterling Auty upgraded the rating on Akamai Technologies (NASDAQ: AKAM ) from Neutral to Overweight, and raised the price target from $42.00 to $52.00. In the report, Auty noted, “The concern going into March quarter earnings was that after the lift provided