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Monday, December 12, 2011

Stock Upgrades and Downgrades: PCS, TOL, MBLX, WPI, OXY, LEN - 12/12/11

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. 

MetroPCS (PCS), Toll (TOL), Metabolix (MBLX), Watson Pharmaceuticals (WPI), Occidental Petroleum (OXY), Lennar downgraded (LEN) were upgraded or downgraded by analysts.

MetroPCS (PCS) upgraded to Outperform from Neutral at Credit.They upgraded MetroPCS based on reduced spectrum capacity spend. The firm believes a 2.5GHZ spectrum purchase will require a lower cash outlay than expected. Price target lowered to $10 from $12.

Toll (TOL) Brothers downgraded to Hold from Buy at KeyBanc .KeyBanc downgraded Toll Brothers based on valuation and modest earnings growth.

Metabolix (MBLX) initiated with a Neutral at JP Morgan Target $5.

Watson Pharmaceuticals (WPI) upgraded to Buy from Outperform at CLSA .CLSA upgraded Watson Pharmaceuticals based on valuation. Price target $80.

Occidental Petroleum (OXY) downgraded to Neutral from Buy at Citigroup.They downgraded.Occidental Petroleum citing valuation but raised its price target for shares to $100 from $86.

Lennar downgraded (LEN) to Hold from Buy at KeyBanc.KeyBanc downgraded Lennar based on valuation.

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