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Analyst Upgrades/Downgrades

Citron Research Kills $NUS for 13%

Citron Research has put out a negative report on Nu Skin, stating the company is not transparent with disclosures on the balance sheet. As a result the stock is getting the homo hammer.

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S&P Cuts Cyprus Deeper into Junk Status

“(AP) NICOSIA, Cyprus – Ratings agency Standard & Poor’s lowered Cyprus’ sovereign debt grade one notch deeper into junk territory on Thursday and warned of further downgrades over concerns that the country’s troubled banks will continue to strain public finances.

The downgrade, from BB+ to BB, highlights the battle the island nation of less than a million people faces to fix its sagging economy after becoming in June the fifth country to seek financial aid from its partners in the 17-country group that uses the euro.”

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Moody’s: “The ECB Can Do No More Than Buy Time”

“It would be odd to suggest that one of the most scathing critiques of the ECB’s attempts to talk up the market on nothing but hope, promises and expectations would come from rating agency Moody’s, yet that is precisely what has happened. With Swiss, Dutch, Finnish, and German short-dated bonds once again hitting new record low (negative) rates (and Italian 10Y is weakening), it would appear that at least some of the market is not drinking the all-things-risk kool-aid.”

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Goldman Sachs Sees ‘Strong’ Recovery Starting For Housing

“U.S. homebuilders are an attractive investment as the housing market starts a “strong” recovery that may drive a surge in new-home sales, Goldman Sachs Group Inc. (GS) said in a report today.

Housing has a “long list of positives,” including rising prices, job growth, supportive government policies and a decline in the so-called shadow inventory of homes, Goldman Sachs analysts Joshua Pollard and Anto Savarirajan wrote in a note to clients. They raised their rating on the homebuilding industry to attractive from neutral.”

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