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Friday, December 16, 2011

Stock Upgrades and Downgrades : RIMM, ERIC, SXC, AMGN, INHX, BAS - 12/16/11

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. 

Research in Motion (RIMM), Ericsson  (ERIC), Carnival (CCL), SunCoke Energy  (SXC),
Amgen (AMGN)
, Inhibitex (INHX), Basic Energy (BAS) were upgraded or downgraded by analysts.

Research in Motion (RIMM) downgraded to Market Perform from Outperform at BMO Capital.BMO Capital decided to "throw in the towel" on Research in Motion due to increased concerns regarding Blackberry 7.0 devices and the delay in Blackberry 10 devices. Price target lowered to $15 from $26.

Ericsson  (ERIC) downgraded to Neutral from Buy at UBS.

Carnival (CCL) upgraded to Overweight from Neutral at HSBC Price target $38.

SunCoke Energy  (SXC) initiated with a Buy at KeyBanc Target $15.

Amgen (AMGN) upgraded to Neutral from Sell at Goldman.Goldman upgraded Amgen citing the change in management, which should provide a new strategic direction. Price target raised to $57 from $50.

Inhibitex (INHX) initiated with a Buy at ThinkEquity Target $20.

EZCORP (EZPW)initiated with a Market Perform at Wells Fargo Price target range $29-$34.

Basic Energy (BAS) upgraded to Buy from Hold at Dahlman Rose.Dahlman Rose upgraded Basic Energy based on valuation and expectations for positive commentary on Well Service pricing and margins on the Q4 call. Price target is $25.

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