logo
  Join        Login             Stock Quote

Upgrades & Downgrades: WTFC, SEE, IGT, MTB, TSO, ANN, FIRE, MCHP

 July 12, 2011 02:04 PM
 


As the US stock markets hold near the flat line, several stocks were either upgraded or downgraded by analysts and rating agencies. Some notable stocks are discussed here.

Upgrades:

Wintrust Financial Corp. (Nasdaq: WTFC) has been upgraded by analysts at Robert W. Baird to the new rating of outperform from neutral, with a price target of $40 a share. Shares of Wintrust Financial were trading higher by 4.36 percent to $34.26 on Tuesday.

Analysts at Barclays Capital upgraded stock rating of Sealed Air Corp. (NYSE: SEE) to overweight from equal weight with a revised $28 price target from an earlier target of $23 a share. SEE is currently trading higher by 2.83 percent to $23.96 today.

[Related -T. Boone Pickens: A Billionaire's Top 10 Energy Stocks]

International Game Technology (NYSE: IGT) has been upgraded by analysts at Sterne Agee to buy from neutral, citing acceleration in game popularity. Sterne has a new price target of $23 a share for IGT. Shares of IGT were trading higher by 2.96 percent to $18.07 on Tuesday.

Analysts at Bank of America/Merrill Lynch upgraded shares of M&T Bank Co. (NYSE: MTB) to but from neutral, citing strong earning power and attractive dividend. BofA/Merrill Lynch also raised their price target to $100 a share. MTB is currently trading higher by 1.89 percent to $87.80, after the upgrade.

[Related -Facebook Inc (FB) : Mobile Strategy Is Getting Traction]

Downgrades:

Tesoro Corp. (NYSE: TSO) has been downgraded by analysts at Bank of America/ Merrill Lynch to underperform from buy on Tuesday. Tesoro's stock is trading lower by 0.42 percent to $23.95 after the downgrade.

Analysts at Piper Jaffray has downgraded its rating for AnnTaylor Stores Corp. (NYSE: ANN) to underweight from neutral and has lowered its price target from $26 to $23 on AnnTaylor Stores ahead of the company's release of its quarterly results. ANN is trading down 3.13 percent to $26.04 today.

Sourcefire Inc. (Nasdaq: FIRE) has been downgraded by analysts at UBS to neutral from buy, with a raised price target of $32 a share from $30 a share. UBS downgraded the stock citing, valuation call. Sourcefire is currently trading lower by 1.95 percent to $28.69 a share.

Microchip Technology Inc. (Nasdaq: MCHP) has been downgraded by analysts at UBS to neutral from buy, with a new price target of $37 a share. The downgrade came after the company lowered its earnings guidance for the fiscal first-quarter, citing challenges in its automotive segment tied to the earthquake in Japan. MCHP is down 12.94 percent to $32.63 a share on Tuesday.

iOnTheMarket Premium
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageRussell 2000 Showing Relative Weakness at the New Highs

A quick “Quad Index” Grid shows us that the small-cap Russell 2000 is showing relative strength to the read on...

article imageThe Poster Boy For Liberal Economics Discovers The Tax Factor

Paul Krugman seems to be having a supply-side-economics moment… sort of. Raising taxes, the NY Times read on...

article imageMacroprudential Policy And Distribution Of Risk

There is very little doubt that housing prices and leverage played a strong role in the global financial read on...

article imageIs the World Turning Japanese?

Many really think so, but reality suggests read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.