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Tuesday, February 14, 2012

Stock Upgrades and Downgrades : BAC, WSM, KMP, ETP, NGLS, ASIA - 2/14/12

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. 

Bank of America (BAC), Williams-Sonoma (WSM), Kinder Morgan Energy (KMP), Energy Transfer Partners (ETP), Targa Resource Partners (NGLS)  and AsiaInfo-Linkage (ASIA) were upgraded or downgraded by analysts.

Bank of America (BAC) downgraded to Neutral from Buy at Citigroup.Citigroup downgraded Bank of America citing the recent run-up in shares as it views the risk/reward tradeoff as balanced in the near-term. However, Citi raised its price target for shares to $8.50 from $8.00 and believes Bank of America still offers attractive value longer term as the company addresses its legacy issues.

Williams-Sonoma (WSM) upgraded to Buy from Neutral at Citigroup.Citigroup upgraded Williams-Sonoma citing the company's ongoing product differentiation and strong balance sheet. The firm raised its price target for shares to $42 from $39.

Kinder Morgan Energy (KMP) upgraded to Buy from Hold at Deutsche Bank.Price target raised to $98 from $70.

Energy Transfer Partners (ETP) upgraded to Buy from Hold at Deutsche BankPrice target raised to $56 from $51.

Targa Resource Partners (NGLS) initiated with a Hold at Deutsche Bank.Target $42.

AsiaInfo-Linkage (ASIA) downgraded to Hold from Buy at Jefferies.Jefferies downgraded AsiaInfo-Linkage citing valuation and margin pressure. Price target raised to $12.50 from $10.

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