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Monday, January 30, 2012

Stock Upgrades and Downgrades : C, BAC, MS, JPM, TSM, MNST, SPLS - 1/30/12

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. 

Citigroup (C)
, Bank of America (BAC), Morgan Stanley (MS), JP Morgan (JPM), Taiwan Semiconductor (TSM), Monster Beverage (MNST) and Staples (SPLS) were upgraded or downgraded by analysts.

Citigroup (C) upgraded to Buy from Neutral at Goldman.Goldman upgraded Citigroup (C) citing relative earnings power vs. Bank of America (BAC), which was downgraded to Neutral from Buy, and expectations for increased capital returns. Citigroup price target raised to $36 from $35.

Bank of America (BAC) downgraded to Neutral from Buy at Goldman.Goldman downgraded Bank of America given higher execution risk and valuation, and cited relative returns vs. Citigroup (C), which was upgraded to Buy from Neutral. Bank of America price target remains $8.


Morgan Stanley (MS) upgraded to Conviction Buy from Neutral at Goldman.Goldman upgraded Morgan Stanley based on valuation, focus on addressing legacy issues, margin improvement from the MSSB integration, and compensation flexibility. Price target raised to $23 from $20.


JP Morgan (JPM) downgraded to Buy from Conviction Buy at Goldman.Goldman removed JP Morgan from its Conviction Buy List citing relative outperformance. Price target raised to $42 from $41.


Taiwan Semiconductor (TSM) downgraded to Market Perform from Outperform at Bernstein.Bernstein downgraded Taiwan Semiconductor given valuation.


Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust.SunTrust downgraded Monster Beverage citing recent share strength.

Staples (SPLS) downgraded to Sell from Neutral at Goldman.Goldman downgraded Staples based on expectations for sluggish domestic demand and difficulties in its international business. Price target lowered to $15.75 from $17.

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