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Friday, January 27, 2012

Stock Upgrades and Downgrades : CLF, JNPR, HR, ERIC, JCP, WEN, NUE- 1/27/12

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. 

Cliffs Natural  (CLF), Juniper (JNPR), Healthcare Realty Trust (HR), Ericsson (ERIC), J.C. Penney (JCP) , Wendy's (WEN) and Nucor (NUE) were upgraded or downgraded by analysts.

Cliffs Natural  (CLF) downgraded to Neutral from Outperform at Credit Suisse.Credit Suisse downgraded Cliffs Natural citing disappointing 2012 guidance. Price target lowered to $82 from $93.

Juniper (JNPR) downgraded to Market Perform from Outperform at Morgan Keegan.Morgan Keegan downgraded Juniper citing disappointing guidance due to slowing service provider spending and the challenging macro environment. Price target lowered to $20 from $25.

Healthcare Realty Trust (HR) downgraded to Neutral from Outperform at RW Baird.Baird downgraded Healthcare Realty Trust based on valuation. Price target remains $22.

Ericsson (ERIC) upgraded to Buy from Hold at RBS.

J.C. Penney (JCP) upgraded to Overweight from Neutral at Piper Jaffray.Piper Jaffray upgraded J.C. Penney citing expectations for annual earnings growth of 30%-plus over the next three-to-five years. The firm raised its price target for shares to $50 from $29 following the company's analyst event.

Wendy's (WEN) downgraded to Neutral from Buy at UBS.UBS downgraded Wendy's citing slowing sales momentum and hamburger inflation. Price target lowered to $5.50 from $6.30.

Nucor (NUE) downgraded to Hold from Buy at Deutsche Bank.Deutsche Bank downgraded Nucor citing valuation and its view that steel prices are nearing a peak. The firm keeps a $47 price target for shares

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