These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms today.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.
Interpublic Group (IPG), Ariba (ARBA), Westlake Chemical (WLK), Continental Resources (CLR), Ventas (VTR) and Dunkin' Brands (DKKN) were upgraded or downgraded by analysts.
Interpublic Group (IPG) upgraded to Buy from Hold at Deutsche Bank.Deutsche Bank upgraded Interpublic Group following the company's Q4 results and guidance. The firm raised its price target for shares to $15 from $10.50.
Ariba (ARBA) upgraded to Conviction Buy from Buy at Goldman.Goldman downgraded Ariba citing improving fundamentals given accelerating Q1 bookings growth, valuation, and views the company as an attractive M&A target. Price target is $40.
Westlake Chemical (WLK) upgraded to Conviction Buy from Buy at Goldman
Goldman added Westlake Chemical to its Conviction Buy List citing leverage to lower ethane prices and valuation. Price target raised to $74 from $67.
Continental Resources (CLR) downgraded to Neutral from Outperform at RW Baird.Baird downgraded Continental Resources based on valuation. Price target raised to $100 from $84.
Ventas (VTR) downgraded to Neutral from Buy at UBS.UBS downgraded Ventas (VTR) following the announcement that Kindred Healthcare (KND) does not plan to renew its majority of lease bundles expiring in 2013 and the uncertainty regarding the future of Kindred Healthcare/Ventas' master lease agreements expiring in 2015. Price target lowered to $57 from $60.
Dunkin' Brands (DKKN) initiated with a Buy at Citigroup.Target $36
Ariba (ARBA) upgraded to Conviction Buy from Buy at Goldman.Goldman downgraded Ariba citing improving fundamentals given accelerating Q1 bookings growth, valuation, and views the company as an attractive M&A target. Price target is $40.
Westlake Chemical (WLK) upgraded to Conviction Buy from Buy at Goldman
Goldman added Westlake Chemical to its Conviction Buy List citing leverage to lower ethane prices and valuation. Price target raised to $74 from $67.
Continental Resources (CLR) downgraded to Neutral from Outperform at RW Baird.Baird downgraded Continental Resources based on valuation. Price target raised to $100 from $84.
Ventas (VTR) downgraded to Neutral from Buy at UBS.UBS downgraded Ventas (VTR) following the announcement that Kindred Healthcare (KND) does not plan to renew its majority of lease bundles expiring in 2013 and the uncertainty regarding the future of Kindred Healthcare/Ventas' master lease agreements expiring in 2015. Price target lowered to $57 from $60.
Dunkin' Brands (DKKN) initiated with a Buy at Citigroup.Target $36
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