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Monday, December 19, 2011

Stock Upgrades and Downgrades : PNW, DTE, CLR, RRR, PLCE, UNFI, MERC - 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. 

Pinnacle West (PNW), DTE Energy (DTE), Continental Resources (CLR), RSC Holdings (RRR), Children's Place (PLCE), United Natural Foods (UNFI), Mercer upgraded (MERC) were upgraded or downgraded by analysts.

Pinnacle West (PNW) downgraded to Neutral from Outperform at Credit Suisse.Credit Suisse downgraded Pinnacle West citing valuation and risks surrounding rate case settlements. Price target is $52.

DTE Energy (DTE) upgraded to Outperform from Neutral at Credit Suisse.Credit Suisse upgraded DTE Energy citing 5-6% utility growth visibility. Price target raised to $59 from $56.

Continental Resources (CLR) initiated with a Buy at Dahlman Rose Target $75.

RSC Holdings (RRR) downgraded to Neutral from Outperform at Credit Suisse.Credit Suisse downgraded RSC Holdings (RRR) following the acquisition by United Rentals (URI) as it sees the probability of a competing bid as low.

Children's Place (PLCE) downgraded to Neutral from Buy at Sterne Agee.Sterne Agee downgraded Children's Place citing valuation, warm weather trends, and the increasingly promotional environment. Price target is $60.

United Natural Foods (UNFI) upgraded to Buy from Hold at Canaccord.Canaccord upgraded United Natural based on stronger internal growth from investments and expected margin improvements. Price target raised to $45 from $44.

Mercer upgraded (MERC) to Outperform from Market Perform at Raymond James.Raymond James upgraded Mercer based on valuation and expectations for improving NBSK pulp prices. Price target is $8.

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