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Tuesday, December 13, 2011

Stock Upgrades and Downgrades: TOL, LM, AMZN, CY, PCX, RBCN, IPI, APC, CHK - 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. 

Toll Brothers (TOL), Legg Mason (LM), Amazon.com (AMZN), Cypress Semi (CY), Patriot Coal (PCX), Rubicon Technology (RBCN), Intrepid Potash (IPI), Anadarko initiated (APC), Chesapeake initiated (CHK) were upgraded or downgraded by analysts.

Toll Brothers (TOL) downgraded to Neutral from Buy at Citigroup.They downgraded Toll Brothers citing valuation and maintains a $21 price target for shares.

Legg Mason (LM) downgraded to Neutral from Buy at Citigroup. Citigroup downgraded Legg Mason citing flow uncertainty and reduced earnings expectations. The firm lowered its price target for shares to $27 from $33

Amazon.com (AMZN) coverage resumed with a Neutral at Goldman Target $190.

Cypress Semi (CY) upgraded to Buy from Hold at Capstone.Capstone upgraded Cypress.Semiconductor due to valuation and touchscreen growth opportunities. Price target is $21.

Patriot Coal (PCX) initiated with a Buy at CRT Capital Target $14.

Rubicon Technology (RBCN) upgraded to Neutral from Sell at Ticonderoga .Ticonderoga upgraded Rubicon based on valuation and expectations for stabilizing wafer prices in early 2012.

Intrepid Potash (IPI) upgraded to Neutral from Sell at Goldman. Goldman upgraded Intrepid Potash citing valuation. Price target is $23.

Anadarko initiated (APC) with a Neutral at RW Baird Target $85.

Chesapeake initiated (CHK) with an Outperform at RW Baird Target $36.

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