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.
Ultimate Software (ULTI), Niska Gas (NKA), Big Lots (BIG), Demandware (DWRA), Tyson Foods (TSN) and Fortinet (FTNT) were upgraded or downgraded by analysts.
Ultimate Software (ULTI), Niska Gas (NKA), Big Lots (BIG), Demandware (DWRA), Tyson Foods (TSN) and Fortinet (FTNT) were upgraded or downgraded by analysts.
Ultimate Software (ULTI) upgraded to Neutral from Underweight at Piper Jaffray.Piper Jaffray upgraded Ultimate Software to Neutral citing increased confidence in the company's growth trajectory and positive Q1 channel checks. The firm raised its price target for shares to $65 from $50.
Niska Gas (NKA) upgraded to Market Perform from Underperform at Wells Fargo.Wells Fargo upgraded Niska Gas citing the improvement in storage spreads for the 2012/2013 winter season. The firm raised its price target range for shares to $9-$12 from $6-$9.
Big Lots (BIG) downgraded to Hold from Buy at Deutsche Bank.Deutsche Bank downgraded Big Lots and lowered its price target for shares to $34 from $48 following the company's negative Q1 same-store-sales update.
Demandware (DWRA) initiated with a Neutral at Goldman Target $30.
Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital.BMO Capital upgraded Tyson Foods based on compelling valuation and bottoming fundamentals. The firm believes lower beef supplies, industry discipline, and rebounding demand will drive shares higher. Price target is $22.
Fortinet (FTNT) upgraded to Buy from Neutral at Nomura.Nomura upgraded Fortinet based on strong reseller checks, secular tailwinds in the Unified Threat Management market, and robust IT spending for security. Price target is $32.
Niska Gas (NKA) upgraded to Market Perform from Underperform at Wells Fargo.Wells Fargo upgraded Niska Gas citing the improvement in storage spreads for the 2012/2013 winter season. The firm raised its price target range for shares to $9-$12 from $6-$9.
Big Lots (BIG) downgraded to Hold from Buy at Deutsche Bank.Deutsche Bank downgraded Big Lots and lowered its price target for shares to $34 from $48 following the company's negative Q1 same-store-sales update.
Demandware (DWRA) initiated with a Neutral at Goldman Target $30.
Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital.BMO Capital upgraded Tyson Foods based on compelling valuation and bottoming fundamentals. The firm believes lower beef supplies, industry discipline, and rebounding demand will drive shares higher. Price target is $22.
Fortinet (FTNT) upgraded to Buy from Neutral at Nomura.Nomura upgraded Fortinet based on strong reseller checks, secular tailwinds in the Unified Threat Management market, and robust IT spending for security. Price target is $32.
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