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Monday, December 19, 2011

Stock Upgrades and Downgrades : GPRN, SFSF, GDP, RRR, CHKM, LPX, HCHO, ABX - 12/19/11

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. 

Groupon (GRPN), SuccessFactors (SFSF), Goodrich Petroleum (GDP), RSC Holdings (RRR), Chesapeake Midstream (CHKM), Louisiana Pacific (LPX), Telus (TU), Echo Global (HCHO), Barrick Gold (ABX) were upgraded or downgraded by analysts.

Groupon (GRPN) initiated with an Outperform at Barrington Target $30.

SuccessFactors (SFSF) downgraded to Neutral from Buy at Lazard Capital.Lazard Capital downgraded SuccessFactors citing the proposed acquisition by SAP.

Goodrich Petroleum (GDP) initiated with a Neutral at Global Hunter Target $99.

Chesapeake Midstream (CHKM) initiated with a Buy at Ladenburg Target $34.

Louisiana Pacific (LPX) downgraded to Reduce from Hold at TD Securities.TD Securities downgraded Louisiana Pacific based on valuation. Price target remains $6.50

RSC Holdings (RRR) downgraded to Sector Perform from Outperform at RBC Capital.RBC Capital downgraded RSC Holdings (RRR) after United Rentals (URI) offered to buy the company for $18 per share. Target $18.

Telus (TU) downgraded to Hold from Buy at Gabelli.Gabelli downgraded Telus primarily due to valuation.

Echo Global (HCHO) downgraded to Hold from Buy at Stifel Nicolaus.Stifel downgraded Echo Global based on valuation.

Barrick Gold (ABX) upgraded to Outperform from Sector Perform at Scotia Capital.

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