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Tuesday, January 17, 2012

Stock Upgrades and Downgrades : POT, WYNN, RCL, PTEN, ROVI, LRCX - 1/17/12

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. 

Potash (POT), Wynn Resorts (WYNN), Royal Caribbean (RCL), Patterson-UTI Energy (PTEN),  Rovi (ROVI) and Lam Research (LRCX) were upgraded or downgraded by analysts.

Potash (POT) upgraded to Sector Outperformer from Sector Performer at CIBC.CIBC upgraded Potash based on valuation. Price target lowered to $60 from $65.

Wynn Resorts (WYNN) upgraded to Positive from Neutral at Susquehanna.

Royal Caribbean (RCL) downgraded to Neutral from Positive at Susquehanna.

Patterson-UTI Energy (PTEN) downgraded to Market Perform from Outperform at Wells Fargo.Wells Fargo downgraded Patterson-UTI Energy citing rig fleet vulnerabilities and expectations consensus estimates will be lowered. The firm dropped its price target range for shares to $20-$22 from $28-$30.

Rovi (ROVI) upgraded to Buy from Hold at Brean Murray.Brean Murray upgraded Rovi due to its strong showing at CES that included reaffirmed 2011 guidance, sale of its Roxio consumer software business, and expected service provider growth. Price target is $41.

Lam Research (LRCX) upgraded to Outperform from Sector Perform at Pacific Crest

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