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Thursday, December 15, 2011

Stock Upgrades and Downgrades : CREE, BRCM, SWKS, FWLT, KBR, CBI, FLR, RVBD, JNPR, CSCO, SFY - 12/15/11

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. 

Maxim expects Cree (CREE), Broadcom (BRCM), Skyworks (SWKS), Foster Wheeler (FWLT), KBR (KBR), Chicago Bridge & Iron (CBI),  URS Corporation (URS), Fluor (FLR), Riverbed (RVBD), Juniper (JNPR), Cisco (CSCO) and Swift Energy (SFY)  were upgraded or downgraded by analysts.

Maxim expects Cree (CREE) to benefit from growth in the non-residential outdoor lighting market and the bottoming of its margins. The firm started shares with a Buy rating and $45 price target. Note Maxim initated both Aixtron (AIXG) and Veeco (VECO) with Sell ratings.

Broadcom (BRCM) upgraded to Outperform from Market Perform at Wells Fargo.Wells Fargo upgraded Broadcom citing reduced near-term uncertainty following the company's December quarter guidance update and valuation. The firm lowered its target range for shares to $32-$38 from $34-$40.

Skyworks (SWKS) upgraded to Buy from Hold at Deutsche Bank.Deutsche Bank upgraded Skyworks citing valuation and positive trends from transitions to 3G and 4G networks. The firm raised its price target for shares to $23 from $22.

Foster Wheeler (FWLT) initiated with a Neutral at Sterne Agee.

KBR (KBR) initiated with a Neutral at Sterne Agee.

Chicago Bridge & Iron (CBI) initiated with a Buy at Sterne Agee Target $52.

URS Corporation (URS) initiated with a Buy at Sterne Agee Target $45.

Fluor (FLR) initiated with a Buy at Sterne Agee Target $50.

Riverbed (RVBD) initiated with a Neutral at Nomura Target $29.

Juniper (JNPR) initiated with a Neutral at Nomura Target $21.

Cisco (CSCO) initiated with a Buy at Nomura Target $24.

Swift Energy (SFY) initiated with a Buy at KeyBanc Target $40.

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