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.
Trina Solar (TSL), ARM Holdings (ARMH), ASML (ASML), Cirrus Logic (CRUS), Deckers Outdoor (DECK) and GrafTech (GTI) were upgraded or downgraded by analysts.
Trina Solar (TSL) downgraded to Market Perform from Outperform at Wells Fargo.Wells Fargo downgraded Trina Solar citing valuation and the challenging pricing environment following the company's Q4 results. The firm lowered its target range for shares to $7-$8 from $8-$9.
ARM Holdings (ARMH) initiated with an Overweight at Piper Jaffray.Target $33.
Cirrus Logic (CRUS) upgraded to Outperform from Perform at Oppenheimer.Oppenheimer upgraded Cirrus Logic with a $28 price target citing the company's audio codec business at Apple. Opco does not expect Cirrus Logic to lose any market share at Apple this year.
ASML (ASML) initiated with a Buy at ING Group.
Deckers Outdoor (DECK) downgraded to Neutral from Outperform at Credit Suisse.Credit Suisse downgraded Deckers due to decelerating order trends in wholesale channels and weakness in owned retail performance. in Price target lowered to $91 from $127.
GrafTech (GTI) downgraded to Hold from Buy at KeyBanc.KeyBanc downgraded GrafTech citing headwinds from Europe, slowing graphite electrode bookings momentum, and high raw material costs.
ARM Holdings (ARMH) initiated with an Overweight at Piper Jaffray.Target $33.
Cirrus Logic (CRUS) upgraded to Outperform from Perform at Oppenheimer.Oppenheimer upgraded Cirrus Logic with a $28 price target citing the company's audio codec business at Apple. Opco does not expect Cirrus Logic to lose any market share at Apple this year.
ASML (ASML) initiated with a Buy at ING Group.
Deckers Outdoor (DECK) downgraded to Neutral from Outperform at Credit Suisse.Credit Suisse downgraded Deckers due to decelerating order trends in wholesale channels and weakness in owned retail performance. in Price target lowered to $91 from $127.
GrafTech (GTI) downgraded to Hold from Buy at KeyBanc.KeyBanc downgraded GrafTech citing headwinds from Europe, slowing graphite electrode bookings momentum, and high raw material costs.
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