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Monthly Archives: January 2012

Upgrades and Downgrades This Morning


These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning.

Akamai Technologies, Inc. (NASDAQ: AKAM) Cut to Neutral from Buy at Janney Capital Markets. 
Angie’s List, Inc. (NASDAQ: ANGI) Started as Buy at Stifel Nicolaus; Started as Perform at Oppenheimer; Started as Buy at Janney Capital Markets.
Apple Inc. (NASDAQ: AAPL) lowered price target to $513 from $530 at Morgan Keegan.
Cooper Industries plc (NYSE: CBE) Cut to Neutral from Outperform at Credit Suisse.
Fusion-io, Inc. (NYSE: FIO) Raised to Overweight at Morgan Stanley.
General Growth Properties Inc. (NYSE: GGP) Cut to Neutral from Outperform at Credit Suisse.
Guess?, Inc. (NYSE: GES) Cut to Underperform from Neutral as Bear of the Day at Zacks Investment Research.
Petroleum Development Corporation (NASDAQ: PETD) Cut to Hold at Canaccord Genuity.
PMC-Sierra Inc. (NASDAQ: PMCS) Cut to Neutral with $6 target at Goldman Sachs.
Prologis, Inc. (NYSE: PLD) Started as Outperform at Wells Fargo.
Regency Centers Corporation (NYSE: REG) Cut to Neutral from Outperform at Credit Suisse.
Reliance Steel & Aluminum Company (NYSE: RS) named as value stock of the day at Zacks Investment Research.
Under Armour, Inc. (NYSE: UA) Raised to Outperform with $90 target at Baird.
Universal Display Corporation (NASDAQ: PANL) maintained Hold and lowered estimates and target to $35 at Canaccord Genuity.
Ventas, Inc. (NYSE: VTR) Raised to Long-Term Outperform and named as the Bull of the Day at Zacks Investment Research.
Williams-Sonoma Inc. (NYSE: WSM) Cut to Sell at Janney Capital Markets.

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Gapping Up and Down This Morning

Gapping up 

BP +1.5%, HBC +1.3%, SAP +3.5%, MJN +3.2%, CS +3.1%, C +2.6%,  MT +7.2%, NOK +6.8%, ALU +5.8%,

GDX +2.5%, BAC +2.5%, SDRL +2.2%, GLD +2%, TOT +1.7%, BHP +4.8%, BBL +4.8%, SLV +4.3%, TEVA +4.1%,

GOLD +4%, AA +4%, GFI +3.6%, CHK +3.6%, TS +5.7%, RIO +4.9%, DB +4.9%,  RMBS +10.2%,

Gapping down

ORCT -20.8%, MO -3.5% , APRI -7%, TSTC -9.9%, MTG -4.8%

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Sears Hires New Brass to Get on Track

“Sears Holdings Corp. hired Ron Boire, the former president and chief executive of Brookstone Inc., to lead its merchandising and retail stores for both the Sears and Kmart brands…”

Full article

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Chesapeake Scores a $2.3 Billion Contract With Total SA

“PARIS (Reuters) – Oil major Total SA signed a $2.3 billion deal withChesapeake Energy Corp and EnerVest, continuing a trend of European and Asian oil and gas companies buying into U.S. shale plays.

The deal will give Total a 25 percent stake in a joint venture with the two U.S. companies in the liquids-rich Utica Shale area of eastern Ohio, the French company said in a statement on Tuesday.”

Full article

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China Expects Business Conditions to Remain “Relatively Difficult” This Quarter

“Chinese Premier Wen Jiabao said that business conditions may be “relatively difficult” this quarter and monetary policy will be fine-tuned as needed.

“We see downside pressure on our economy and elevated inflation at the same time,” Wen said during a trip over the past two days to Hunan province, according to a statement on the government’s website today. “We also face problems of weakening external demand and rising costs for companies.”

Full article

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The Oil Fear Trades is on as Iran Warns U.S. Against Sending Carriers to the Persian Gulf

The head of Iran’s army warned the U.S. against sending an aircraft carrier back to the Persian Gulf after it passed through the Strait of Hormuz a week ago.

“We usually don’t repeat our warning, and we warn only once,” Ataollah Salehi was cited as saying by the state-run Fars news agency. “We recommend and emphasize to the American carrier not to return to the Persian Gulf.”

Full article

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