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Tuesday, December 13, 2011

Stock Upgrades and Downgrades : SM, CMTL, ROST, DG, DLTR, MGM, LVS, XEC, ADTN, WMS - 12/13/11

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. 

SM Energy (SM) , Comtech (CMTL), Ross Stores (ROST), Dollar General (DG), Dollar Tree (DLTR), MGM Resorts (MGM), Las Vegas Sands (LVS), Visa (V), Cimarex Energy (XEC), Adtran (ADTN) and  WMS Industries (WMS) were upgraded or downgraded by analysts.

SM Energy (SM) initiated with a Neutral at RW Baird Target $87.

Comtech (CMTL) downgraded to Neutral from Overweight at JP Morgan.JP Morgan downgraded Comtech due to management's more cautious tone and valuation. Price target lowered to $27 from $31.

Ross Stores (ROST) initiated with an Outperform at FBR Capital Target $114.

Dollar General (DG) initiated with an Outperform at FBR Capital Target $50.

Dollar Tree (DLTR) initiated with a Market Perform at FBR Capital Target $86.

MGM Resorts (MGM) coverage resumed with an Outperform at Wells Fargo.Price target range $10-$12.70.

Las Vegas Sands (LVS) initiated with a Market Perform at Wells Fargo Price target range $43-$52. 

Visa (V) initiated with a Buy at Nomura Target $119.

Cimarex Energy (XEC) re-initiated with a Buy at Pritchard Target $87.  

Adtran (ADTN) downgraded to Market Perform from Strong Buy at Raymond James.Raymond James downgraded Adtran following the acquisition of Nokia Siemens Networks' Broadband Access business. The firm believes Adtran's margins will be pressured as it tries to fix a broken business.

WMS Industries (WMS) coverage resumed with a Market Perform at Wells Fargo.Price target range $18-$21.50.


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