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Tuesday, January 24, 2012

Stock Upgrades and Downgrades : VECO, ZNGA, RBCN, IPG, OMC, FIO - 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. 

Veeco (VECO), Zynga (ZNGA), Rubicon Technology (RBCN),Interpublic Group (IPG), Omnicom (OMC) and Fusion-io (FIO) were upgraded or downgraded by analysts.

Veeco (VECO) downgraded to Hold from Buy at Kaufman Bros.Kaufman Bros. downgraded Veeco due to overcapacity and slower than expected LED demand that is likely to slow tool orders. Price target cut to $25 from $34.

Zynga (ZNGA) initiated with an Outperform at RW BairdTarget $12.

Rubicon Technology (RBCN) downgraded to Hold from Buy at Kaufman Bros..Kaufman Bros. downgraded Rubicon due to overcapacity and slower than expected LED demand that is likely to lead to lower sapphire wafer pricing and volumes. Price target cut to $13 from $16.

Interpublic Group (IPG) initiated with an Underperform at Jefferies Target $9.

Omnicom (OMC) initiated with a Hold at JefferiesTarget $41.
 
Fusion-io (FIO) initiated with an Outperform at William Blair.William Blair believes Fusion-io will be a key beneficiary of the market shift to enterprise flash and expects upward estimate revisions as well as takeout interest to drive the stock. 

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