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Thursday, July 5, 2012

Top Analyst Upgrades & Downgrades: Yandex (NASDAQ: YNDX), Blackstone Group (NYSE: BX), Turkcell (NYSE: TKC), AMD (NYSE: AMD), Arcelor Mittal (NYSE: MT), Anworth Mortgage Asset (NYSE: ANH) - 7/5/12

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.

BofA/Merrill Lynch upgraded Yandex (NASDAQ: YNDX) from Neutral to Buy.Shares of Yandex closed at $19.27 yesterday, with a 52 week range of $16.60-$39.67.

BMO Capital upgraded The Blackstone Group (NYSE: BX) from Market Perform to Outperform with a price target of $17.00.Shares of The Blackstone Group closed at $13.39 yesterday, with a 52 week range of $10.51-$17.78.

JPMorgan upgraded Turkcell (NYSE: TKC) from Neutral to Overweight.Shares of Turkcell closed at $12.50 yesterday, with a 52 week range of $10.18-$14.10.

Sterne Agee downgraded AMD (NYSE: AMD) from Buy to Neutral with a price target of $8.50.Shares of AMD closed at $6.03 yesterday, with a 52 week range of $4.31-$8.35.

HSBC downgraded Arcelor Mittal (NYSE: MT) from Overweight to Neutral with a price target of $18.30.Shares of Arcelor Mittal closed at $16.06 yesterday, with a 52 week range of $13.31-$35.31.

B. Riley downgraded Anworth Mortgage Asset (NYSE: ANH) from Buy to Neutral with a price target of $7.00 (from $7.50).Shares of Anworth Mortgage Asset closed at $6.93 yesterday, with a 52 week range of $5.63-$7.74.


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