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Thursday, December 22, 2011

Stock Upgrades and Downgrades : AGU, EMC, NTAP, VMW, TIBX, DTE, KBH, AMCC- 12/22/11

These stocks are usually going up  or down because of brokers upgraded or downgraded .If you are looking to day trade, you might want to check out the following stocks. I usually throw these on my watch list and monitor with resistance &  support levels.You can also check previous stocks to buy reports- Right Here. 

Agrium (AGU), EMC (EMC), NetApp (NTAP), VMware (VMW), Tibco (TIBX), DTE Energy (DTE), KB Home (KBH),  Applied Micro Circuits (AMCC) were upgraded or downgraded by analysts.

Agrium (AGU) downgraded to Sector Perform from Outperform at RBC Capital.RBC Capital lowered its 2012 fertilizer price forecasts and lowered Agrium estimates due to nitrogen price deterioration and a conservative 2012 outlook for urea and ammonia. Price target lowered to $75 from $90.

EMC (EMC) initiated with a Buy at Ticonderoga.Ticonderoga said EMC is prime beneficiary of increased digital volumes and the need for storage. Target $27.

NetApp (NTAP) initiated with a Neutral at Ticonderoga.

VMware (VMW) initiated with a Neutral at Ticonderoga.Ticonderoga initiated VMware with a Neutral given valuation and 2012 macroeconomic concerns.

Tibco (TIBX) upgraded to Buy from Neutral at Mizuho.

DTE Energy (DTE) initiated with a Neutral at Macquarie Target $57. 

KB Home (KBH) downgraded to Hold from Buy at Stifel Nicolaus.Stifel downgraded KB Home citing high leverage and lack of an imminent turn in housing.

Applied Micro Circuits (AMCC)  initiated with an Outperform at BMO Capital Target $11.

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