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Monday, January 9, 2012

Stock Upgrades and Downgrades : HIG, MET, ORCL, ACF, SPRD, AFL, ALGN - 1/9/12

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. 

Hartford Financial (HIG), MetLife (MET), Oracle (ORCL), Abercrombie & Fitch (ANF) , Spreadtrum (SPRD), Aflac (AFL), Costco (COST),  Align Technology (ALGN) were upgraded or downgraded by analysts. 

Hartford Financial (HIG) upgraded to Buy from Neutral at Goldman Price target is $23.

MetLife (MET) upgraded to Buy from Neutral at Goldman.Goldman upgraded MetLife citing lower VA sales and an increased focus on higher returning initiatives. Price target raised to $41 from $40.

Oracle (ORCL) downgraded to Market Perform from Outperform at BMO Capital.BMO Capital checks indicate overall software spending has slowed in the second half of November and could extend into 1Q12. As a result, the firm downgraded Oracle given the slowdown in demand. Price target lowered to $30 from $32

Abercrombie & Fitch (ANF) downgraded to Hold from Buy at Brean Murray.Brean Murray downgraded Abercrombie & Fitch citing high discounting in the teen sector and increased cotton costs.

Spreadtrum (SPRD) downgraded to Underperform from Buy at Jefferies.Jefferies downgraded Spreadtrum two notches to Underperform from Buy citing weakening 2G demand and increasing competition. The firm lowered its price target for shares to $11.70 from $36.

Aflac (AFL) downgraded to Sell from Neutral at UBS.UBS downgraded Aflac citing exposure to European debt, slower EPS growth, difficult Japan comps, and rich valuation. Price target lowered to $34 from $39.

Peabody Energy (BTU) coverage resumed with an Overweight at JP Morgan
Target $59. 

Costco (COST) downgraded to Underperform from Market Perform at Bernstein.Bernstein downgraded Costco based on rich valuation margin pressures given the competitive environment. Price target lowered to $76 from $80.

Align Technology (ALGN) upgraded to Buy from Neutral at Northcoast

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