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.
AMD (AMD), EXCO Resources (XCO), eBay (EBAY) , NuVasive (NUVA), Veeco (VECO) and Joy Global (JOY) were upgraded or downgraded by analysts.
AMD (AMD), EXCO Resources (XCO), eBay (EBAY) , NuVasive (NUVA), Veeco (VECO) and Joy Global (JOY) were upgraded or downgraded by analysts.
AMD (AMD) upgraded to Buy from Hold at Jefferies.Jefferies upgraded AMD citing a favorable risk/reward profile given the company's continued share gains and improving manufacturing yields. The firm raised its price target for shares to $10.50 from $7.
EXCO Resources (XCO) downgraded to Underperform from Hold at Jefferies.Jefferies downgraded EXCO Resources to Underperform citing weakness in natural gas and the company's deteriorating liquidity. The firm lowered its price target for shares to $4 from $7.
eBay (EBAY) downgraded to Neutral from Outperform at Credit Suisse.Credit Suisse downgraded eBay based on valuation. Price target remains $40.
NuVasive (NUVA) upgraded to Outperform from Market Perform at JMP Securities.JMP Securities upgraded NuVasive citing checks that indicate spine fundamentals have turned the corner. Price target is $21.
Veeco (VECO) upgraded to Buy from Hold at Deutsche Bank.Deutsche Bank upgraded Veeco with a $40 price target citing an attractive risk/reward and expectations for orders to pick up. The firm believes fundamentals for MOCVD equipment suppliers are improving
Joy Global (JOY) downgraded to Neutral from Buy at UBS.UBS downgraded Joy Global citing exposure to weak coal markets due to increased stockpiles from warm weather and lower natural gas prices. Price target lowered to $85 from $112
EXCO Resources (XCO) downgraded to Underperform from Hold at Jefferies.Jefferies downgraded EXCO Resources to Underperform citing weakness in natural gas and the company's deteriorating liquidity. The firm lowered its price target for shares to $4 from $7.
eBay (EBAY) downgraded to Neutral from Outperform at Credit Suisse.Credit Suisse downgraded eBay based on valuation. Price target remains $40.
NuVasive (NUVA) upgraded to Outperform from Market Perform at JMP Securities.JMP Securities upgraded NuVasive citing checks that indicate spine fundamentals have turned the corner. Price target is $21.
Veeco (VECO) upgraded to Buy from Hold at Deutsche Bank.Deutsche Bank upgraded Veeco with a $40 price target citing an attractive risk/reward and expectations for orders to pick up. The firm believes fundamentals for MOCVD equipment suppliers are improving
Joy Global (JOY) downgraded to Neutral from Buy at UBS.UBS downgraded Joy Global citing exposure to weak coal markets due to increased stockpiles from warm weather and lower natural gas prices. Price target lowered to $85 from $112
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