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Thursday, January 26, 2012

Stock Upgrades and Downgrades : NFLX, ADP, MIG, VRX, ETFC, TRI, PSA - 1/26/12

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. 

Netflix (NFLX) , ADP (ADP), Meadowbrook (MIG), Valeant (VRX), E-Trade (ETFC) , Thomson Reuters (TRI) and Public Storage (PSA) were upgraded or downgraded by analysts.

Netflix (NFLX) upgraded to Buy from Neutral at Citigroup.Citigroup upgraded Netflix citing signs of stabilization and growth following the company's better than expected Q4 results. The firm raised its price target for shares to $130 from $80.

ADP (ADP) downgraded to Market Perform from Outperform at Wells Fargo.Wells Fargo downgraded Automatic Data Processing citing valuation and keeps a $60-$62 target range for shares.

Meadowbrook (MIG) downgraded to Market Perform from Outperform at Keefe Bruyette.Keefe Bruyette downgraded Meadowbrook Insurance with an $11 price target citing valuation.

Valeant (VRX) downgraded to Neutral from Overweight at Piper Jaffray.Piper Jaffray downgraded Valeant Pharmaceuticals citing valuation and maintains a $54 price target for shares.

E-Trade (ETFC) downgraded to Neutral from Buy at Goldman
Goldman downgraded E-Trade following weaker than expected Q4 earnings, NIM pressure, and muted trading activity. Price target lowered to $9 from $10.

Thomson Reuters (TRI) downgraded to Sell from Neutral at Goldman.Goldman downgraded Thomson Reuters citing continued unfavorable end market trends in financial services and European exposure. Price target lowered to $25 from $28.

Public Storage (PSA) downgraded to Neutral from Buy at Citigroup.Citigroup downgraded Public Storage citing valuation and the playing out of catalysts. The firm raised its price target for shares to $133 from $124.

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