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Monday, January 23, 2012

Stock Upgrades and Downgrades : RIMM, EWBC, SN, SLXP, FST, TXRH - 1/23/12

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. 

Research in Motion (RIMM), East West Bancorp (EWBC), Salix (SLXP), Sanchez Energy (SN),  Forest Oil (FST) and Texas Roadhouse (TXRH) were upgraded or downgraded by analysts.
 
Research in Motion (RIMM) upgraded to Hold from Sell at Deutsche Bank.Deutsche Bank upgraded Research in Motion to Hold following the company's management changes and raised its price target for shares to $18 from $10.

East West Bancorp (EWBC) downgraded to Market Perform at Keefe Bruyette.Keefe Bruyette downgraded East West Bancorp to Market Perform from Outperform with a $21 price target citing valuation following the company's Q4 results.

Salix (SLXP) downgraded to Market Perform from Outperform at JMP Securities.JMP Securities downgraded Salix Pharmaceuticals citing valuation.

Sanchez Energy (SN) initiated with a Buy at Canaccord Target $33

Forest Oil (FST) downgraded to Market Perform from Outperform at BMO Capital.BMO Capital downgraded Forest Oil citing relative production growth. Price target lowered to $15 from $20.   
 
Texas Roadhouse (TXRH) downgraded to Sector Perform from Outperform at RBC Capital.RBC Capital downgraded Texas Roadhouse based on valuation, higher beef costs, and easing inflation. Price target remains $17

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