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Analysts Upgrades And Downgrades: DX, ESV, CKEC, MGI, TSCO, STP, UNFI, MOS, WLL, XOMA

 March 09, 2011 01:59 PM
 


The US stocks continued trading on a negative territory as oil prices rose above $105 a barrel mark. During the day's trading, several stocks were either upgraded or downgraded by analysts and rating agencies. Some notable upgrades or downgrades are discussed here.

Upgrades:

JMP Securities has upgraded Dynex Capital Inc (NYSE: DX) to Outperform from Market Perform with a price target of $11. However, DX lost 0.19 percent or $0.02 to $10.46.

Ensco PLC (NYSE: ESV) added 3.55 percent or $2.01 to $56.40 as it is upgraded to Outperform from Neutral at Credit Suisse.

Carmike Cinemas Inc (NASDAQ: CKEC) is upgraded to Buy from Neutral at Merriman. CKEC gained 8.15 percent or $0.55 to $7.30 after the news.

[Related -United Natural Foods, Inc. (UNFI) Q1 Earnings Preview: Can UNFI Post Another Beat?]

Piper Jaffray has hoisted MoneyGram International Inc (NYSE: MGI) to Neutral from Underweight. MGI added 1.31 percent or $0.04 to $3.09.

Tractor Supply Company (NASDAQ: TSCO) added 0.22 percent or $0.12 to $54.35 as it is upgraded to Outperform from Neutral by brokerage firm Robert W. Baird.

[Related -For Maximum Total Return Go For Growth]

Downgrades:

Suntech Power Holdings Company Ltd (NYSE: STP) gained 1.89 percent or $0.17 to $9.17 despite being downgraded to Underweight from Neutral with a price objective of $6.60 at HSBC Securities.

Argus has downgraded United Natural Foods Inc (NASDAQ: UNFI) to Hold from Buy. UNFI lost 2.74 percent or $1.19 to $42.19.

Mosaic Company (NYSE: MOS) lost 2.21 percent or $1.81 to $79.75 as it is downgraded to Hold from Buy at Citigroup.

Whiting Petroleum Corporation (NYSE: WLL) slipped 1.44 percent or $0.97 to $66.16 after being downgraded to Market Perform from Outperform at Morgan Keegan.

Xoma Limited (NASDAQ: XOMA) is downgraded to Hold from Buy at Canaccord. XOMA fell 1.94 percent or $0.10 to $5.05.

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