Exelon (EXC), Jack in the Box (JACK) , Semtech (SMTC), Zynga (ZNGA), Rockwell Medical (RMTI), Paccar (PACR), Potash (POT), DryShips (DRYS), Under Armour (UA), Skyworks (SWKS), Verizon (VZ), Simon Property (SPG) were upgraded or downgraded by analysts.
Exelon (EXC) downgraded to Neutral from Outperform at Macquarie.Macquarie downgraded Exelon citing shrinking nuclear margins. Price target is $45.
Jack in the Box (JACK) upgraded to Top Pick from Outperform at RBC Capital.RBC Capital upgraded Jack in the Box based on improving same-store-sales, earnings power, and valuation. Price target is $28.
Semtech (SMTC) upgraded to Buy from Neutral at Goldman.Goldman upgraded Semtech based on strong product cycles and solid earnings growth. Price target is $30.
Zynga (ZNGA) initiated with a Market Perform at BMO Capital Target $10.
Rockwell Medical (RMTI) initiated with a Buy at Canaccord Target $14
Paccar (PACR) downgraded to Neutral from Overweight at JP Morgan.JP Morgan downgraded Paccar based on weakening European freight fundamentals and potential downside risk to North American production. Price target cut to $41 from $50.
Potash (POT) upgraded to Positive from Neutral at Susquehanna.Susquehanna upgraded Potash based on valuation and expectations for increased corn acreage planted in the U.S. Price target lowered to $51 from $52.
DryShips (DRYS) initiated with an In-Line at Imperial Capital Target $2.11.
Under Armour (UA) upgraded to Outperform from Neutral at RW Baird.Baird upgraded Under Armour based on strength in its product pipeline, momentum, and relative valuation. Price target raised to $90 from $84.
Verizon (VZ) downgraded to Buy from Conviction Buy at Goldman.Goldman removed Verizon from its Conviction Buy List but continues to view it as its preferred telecom pick for 2012. The firm lowered Verizon Q4 estimates to reflect lower wireless margins due to higher subsidy levels. Price target remains $45.
Simon Property (SPG) downgraded to Outperform from Top Pick at RBC Capital.RBC Capital downgraded Simon Property due to the firm's new policy of allowing only one Top Pick rated stock per analyst. Target $140.
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