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Thursday, December 8, 2011

Stock Upgrades and Downgrades: PSUN, AXL, THQI, HAL, PTEN, DO - 12/8/11

These stocks are usually going up  or down because of brokers upgraded or downgraded .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. 

Pacific Sunwear(PSUN),  American Axle (AXL) , Philip Morris (PM) , THQ Inc. (THQI) , Halliburton (HAL), Patterson-UTI Energy (PTEN) , Diamond Offshore (DO) were upgraded or downgraded by analysts.

Pacific Sunwear(PSUN) upgraded to Neutral from Underweight at Piper Jaffray Piper Jaffrayupgraded Pacific Sunwear with a $2 price target on expectations the company's restructuring announcements limit downside risk in shares.

American Axle (AXL) upgraded to Buy from Hold at Deutsche Bank .Broker upgraded American Axle citing valuation and the company's disproportionate exposure to North America. The firm upped its price target for shares to $16.50 from $13. Deutsche says its top picks for 2012 in the Autos & Auto Parts space include Ford (F), Lear (LEA), Goodyear Tire (GT), Dana Holding (DAN) and American.

Philip Morris (PM) downgraded to Neutral from Buy at Nomura.

THQ Inc. (THQI) downgraded to Sector Perform from Outperform at Pacific Crest Pacific Crest downgraded THQ Inc citing the negative Q3 pre-announcement.

Halliburton (HAL) coverage resumed with a Conviction Buy at Goldman Target $55.

Patterson-UTI Energy (PTEN) coverage resumed with a Buy at Goldman Target $29.

Diamond Offshore (DO) coverage resumed with a Sell at Goldman Target $70.  

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