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Thursday, January 12, 2012

Stock Upgrades and Downgrades : WCC, LEN, SXC, COV, QLIK, CLR- 1/12/12

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. 

WESCO (WCC), Lennar (LEN), SunCoke Energy (SXC), Covidien (COV), Qlik Technologies (QLIK) and Continental Resources (CLR) were upgraded or downgraded by analysts. 

WESCO (WCC) upgraded to Outperform from Neutral at RW Baird.Baird upgraded Wesco based on strong industrial distributor trends, attractive valuation, and potential catalysts. Price target raised to $69 from $47.

Lennar (LEN) downgraded to Market Perform from Outperform at Keefe Bruyette.Keefe Bruyette downgraded Lennar with a $23 price target following the company's Q4 results citing valuation.

SunCoke Energy (SXC) initiated with an Outperform at Wells Fargo Price target $15-$16.

Covidien (COV) downgraded to Neutral from Buy at Goldman.Goldman downgraded Covidien based on end market weakness. Price target is $49.

Qlik Technologies (QLIK) upgraded to Buy from Hold at Jefferie.Jefferies upgraded Qlik Technologies and raised its price target for shares to $31 from $26 citing channel checks that indicated strong business trends in Q4 and better than expected channel growth expectations for 2012.

Continental Resources (CLR) downgraded to Hold from Buy at Canaccord.Canaccord downgraded Continental Resources based on valuation and questionable uplift from the 2nd Three Forks standalone development. Price target lowered to $79 from $81.


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