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.
Raymond James upgraded SkyWest (NASDAQ: SKYW) from Outperform to Strong Buy with a price target of $14.00 (from $11.00).Shares of SkyWest closed at $10.21 yesterday, with a 52 week range of $6.25-$14.32.
Nomura Securities upgraded Cliffs Natural Resources (NYSE: CLF) from Neutral to Buy. PT lowered from $68 to $54.
Analyst, Curt Woodworth, said, "...we believe iron ore prices have reached a short-term inflection point as steel product/raw material destocking comes to an end in China and steel demand growth recovers over the next two quarters, driven by recent infrastructure stimulus and moderate improvements in the property market. We believe investors have very low expectations regarding CLF’s ability to meet its volume and cost targets at Bloom Lake owing to a string of disappointments during 2012. We believe CLF is on track and fully expect it to safeguard the dividend payment under most iron ore scenarios over the next two years. CLF’s underperformance has been driven by both its high correlation to a free falling iron ore price, company-specific operational missteps and reduced earnings guidance."
Q3 EPS estimate lowered from $2.15 to $1.92, FY12 from $7.15 to $6.30 and FY13 from $7.80 to $6.75.Shares of Cliffs Natural Resources closed at $40.62 yesterday, with a 52 week range of $32.25-$80.15.
JPMorgan downgraded Werner Enterprises (NASDAQ: WERN) from Overweight to Neutral.Shares of Werner Enterprises closed at $23.67 yesterday, with a 52 week range of $19.78-$26.67.
Baird downgraded Weingarten (NYSE: WRI) from Outperform to Neutral with a price target of $29.00 (from $28.00).Shares of Weingarten closed at $28.73 yesterday, with a 52 week range of $19.32-$28.79.
Janney Montgomery Scott initiates coverage on MSC Industrial (NYSE: MSM) with a Buy. PT $83.00.Shares of MSC Industrial closed at $71.55 yesterday, with a 52 week range of $55.25-$84.76.
Janney Montgomery Scott initiates coverage on Rockwell Automation (NYSE: ROK) with a Neutral. PT $78.00.Shares of Rockwell Automation closed at $69.96 yesterday, with a 52 week range of $50.36-$84.71.
Janney Montgomery Scott initiates coverage on MSC Industrial (NYSE: MSM) with a Buy. PT $83.00.Shares of MSC Industrial closed at $71.55 yesterday, with a 52 week range of $55.25-$84.76.
Janney Montgomery Scott initiates coverage on Rockwell Automation (NYSE: ROK) with a Neutral. PT $78.00.Shares of Rockwell Automation closed at $69.96 yesterday, with a 52 week range of $50.36-$84.71.
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