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Monday, January 30, 2012

Stock Upgrades and Downgrades : CF, MSFT, PRGS, LM, WFM, AAP, PG- 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. 

CF Industries (CF)
, Microsoft (MSFT), Progress Software (PRGS), Legg Mason (LM), Whole Foods (WFM), Advance Auto Parts (AAP) and Procter & Gamble (PG) were upgraded or downgraded by analysts.

CF Industries (CF) downgraded to Hold from Buy at Dahlman Rose.Dahlman Rose downgraded CF Industries based on valuation and expectations for lower corn prices that will pressure fertilizer prices.

Microsoft (MSFT) upgraded to Overweight from Neutral at Atlantic Equities.Atlantic Equities upgraded Microsoft based on a powerful product cycle, a recovering PC market, margin expansion, and its cloud computing position. Price target raised to $36 from $30.


Progress Software (PRGS) upgraded to Outperform from Market Perform at JMP Securities.JMP Securities upgraded Progress Software following investor meetings with new CEO Jay Bhatt citing reduced Street expectations, and expectations for better sales execution and potential divestitures. Price target is $27.


Legg Mason (LM) upgraded to Outperform from Market Perform at Keefe Bruyette.Keefe Bruyette upgraded Legg Mason with a $31 price target citing an improve risk/reward profile following the company's Q3 results.


Whole Foods (WFM) downgraded to Buy from Conviction Buy at Goldman.Goldman removed Whole Foods from its Conviction Buy List citing relative outperformance. Price target raised to $84 from $80.


Advance Auto Parts (AAP) upgraded to Buy from Neutral at UBS.UBS upgraded Advance Auto Parts based on expectations for improved operating performance due to its streamlined focus. Price target raised to $90 from $74.

Procter & Gamble (PG) downgraded to Neutral from Buy at UBS.UBS is concerned Procter & Gamble's organization and culture will not be able to quickly adopt and execute CEO Bob McDonald's strategy in today's more volatile environment. Price target lowered to $66 from $72.

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