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.
TIBCO (TIBX), AIG (AIG), Joy Global (JOY), Starbucks (SBUX), Akamai (AKAM) and Ciena (CIEN) were upgraded or downgraded by analysts.
TIBCO (TIBX) initiated with a Market Perform at Wells Fargo.Price target range $33-$35.
AIG (AIG) upgraded to Outperform from Market Perform at Bernstein.
Joy Global (JOY) upgraded to Buy from Hold at KeyBanc.KeyBanc upgraded Joy Global citing solid global commodity production and favorable share risk/reward. Price target is $90.
Starbucks (SBUX) upgraded to Conviction Buy from Neutral at Goldman.Goldman added Starbucks to its Conviction Buy List citing a renewed growth cycle driven by emerging market expansion, single-serve growth, US same-store-sales growth, and a plateau in coffee costs. Price target raised to $66 from $49
Akamai (AKAM) upgraded to Buy from Neutral at DA Davidson.DA Davidson upgraded Akamai based on expectations for higher growth driven by Contendo and new product initiatives. Price target raised to $45 from $40.
Ciena (CIEN) upgraded to Overweight from Neutral at JPMorgan.JPMorgan upgraded Ciena and raised its price target for shares to $20 from $15 citing expectations for better equipment spending in the second half of 2012.
AIG (AIG) upgraded to Outperform from Market Perform at Bernstein.
Joy Global (JOY) upgraded to Buy from Hold at KeyBanc.KeyBanc upgraded Joy Global citing solid global commodity production and favorable share risk/reward. Price target is $90.
Starbucks (SBUX) upgraded to Conviction Buy from Neutral at Goldman.Goldman added Starbucks to its Conviction Buy List citing a renewed growth cycle driven by emerging market expansion, single-serve growth, US same-store-sales growth, and a plateau in coffee costs. Price target raised to $66 from $49
Akamai (AKAM) upgraded to Buy from Neutral at DA Davidson.DA Davidson upgraded Akamai based on expectations for higher growth driven by Contendo and new product initiatives. Price target raised to $45 from $40.
Ciena (CIEN) upgraded to Overweight from Neutral at JPMorgan.JPMorgan upgraded Ciena and raised its price target for shares to $20 from $15 citing expectations for better equipment spending in the second half of 2012.
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