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Thursday, April 12, 2012

Top Analyst Upgrades & Downgrades: T, MELI, NOK, LM, WLL, AMX - 4/12/12

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. 

AT&T (T) , MercadoLibre (MELI), Nokia (NOK), Legg Mason (LM), Whiting Petroleum (WLL)  and America Movil (AMX) were upgraded or downgraded by analysts.

AT&T (T) upgraded to Overweight from Neutral at JPMorgan.JPMorgan upgraded AT&T based on improved revenue growth from tablets and price increase efforts, low wireline expectations, a rebound in enterprise spending, and continued buybacks. Price target raised to $33 from $31.

MercadoLibre (MELI) initiated with a Neutral at Goldman.Target $101.50.

Nokia (NOK) downgraded to Hold from Buy at Societe Generale.Societe Generale downgraded Nokia following the company's Q1 profit warning.

Legg Mason (LM) initiated with a Market Perform at BMO Capital.Target $26.

Whiting Petroleum (WLL) initiated with a Buy at Brean Murray.Brean Murray initiated Whiting Petroleum with a Buy and added it to its Near-Term Conviction list. The firm recommends owning shares ahead of initial Bakken drilling and views valuation as attractive. Target $70.

America Movil (AMX) initiated with an Outperform at Macquarie.Target $31.


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