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Tuesday, January 24, 2012

Stock Upgrades and Downgrades : DB, BBBY, CCK, SLGM, ICG, KLAC, NVLS - 1/24/12

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. 

Deutsche Bank (DB), Bed Bath & Beyond (BBBY), Crown Holdings (CCK), Silgan Holdings (SLGM),  Intercontinental Exchange (ICE), KLA-Tencor (KLAC) and Novellus (NVLS) were upgraded or downgraded by analysts.

Deutsche Bank (DB) downgraded to Neutral from Overweight at JP Morgan.JP Morgan downgraded Deutsche Bank citing valuation as it views the stock's risk/reward as less attractive than peers.

Bed Bath & Beyond (BBBY) upgraded to Buy from Hold at Deutsche Bank.Deutsche Bank upgraded Bed Bath & Beyond citing valuation and the company's sales growth outlook. The firm raised its price target for shares to $70 from $65.

Crown Holdings (CCK) initiated with an Outperform at Wells Fargo.Price target range $38-$40.

Silgan Holdings (SLGM) coverage resumed with an Outperform at Wells Fargo.Price target range $44-$46.

Intercontinental Exchange (ICE) assumed with a Market Perform at JMP Securities.

KLA-Tencor (KLAC) upgraded to Buy from Neutral at Citigroup.Citigroup upgraded KLA-Tencor on expectations to the company will generate stronger returns out of the cycle trough. The firm raised its price target for shares to $65 from $55.

Novellus (NVLS) upgraded to Buy from Neutral at Citigroup.Citigroup upgraded Novellus on expectations to the company will generate stronger returns out of the cycle trough. The firm raised its price target for shares to $60 from $44.

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