New Price Targets

UBS has raised PepsiCo to a buy from neutral,with a 60.00 price target.Canacord Adams raised Google to a buy from a hold,with a 450.00 price target on stronger search results.RBC Capital Markets has initiated coverage of Hewlett Packard with a buy rating and a 40.00 price target.

The Bryn Mawr View

Eric Thorne of Bryn Mawr Trust,which has about 120 years of money management experience,says they still think that equities have a place in portfolios.Dividend stocks are a good place to be.See if they have any top line growth and good cash flow.We think there's quite a bit of value in tech stocks such as IBM and Hewlett Packard.These are companies that have an amazing track record,that people will go to when they ramp up.We're just gonna bide our time and then up our position,Mr.Thorne said.We don't think that bonds will outperform stocks as they did in 2008,he added.

Bob Doll's Picks

Bob Doll,Chief Investment Officer at Black Rock,recommends Johnson and Johnson(JNJ).We like its diversification;we like its valuation,Mr.Doll said.Hewlett Packard(HPQ) runs its business carefully,and Exxon Mobil(XOM) is very conservatively run and well managed,according to Bob Doll.