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Banking industry

Analyst Downgrades and Upgrades for December 16, 2009

Strategic Insights

— 1 min read

On December 16, 2009, several analysts released downgrades and upgrades for various stocks, including Allegheny Energy, Best Buy, Capital One, Computer Programs, Edison Int'l, FirstEnergy, Franklin Resources, Kimbo Realty, Qualcomm, Realty Info, and Senior Housing Trust. These downgrades and upgrades were provided by top financial institutions such as Credit Suisse, Societe Generale, Wells Fargo, Auriga, Deutsche Bank, and Baird.

Key Takeaways:

  • Allegheny Energy (NYSE:AYE) was downgraded to Neutral from Outperform at Credit Suisse.
  • Best Buy (NYSE:BBY) was downgraded to Sell from Buy at Societe Generale, despite an uptrend indicated by Comtex SmarTrend on July 17, 2009.
  • Capital One (NYSE:COF) was initiated as Market Perform at Wells Fargo.
  • Computer Programs (NASDAQ:CPSI) was downgraded to Sell from Hold with a $36 target price at Auriga.
  • Edison Int'l (NYSE:EIX) was downgraded to Neutral from Outperform at Credit Suisse.
  • FirstEnergy (NYSE:FE) was also downgraded to Neutral from Outperform at Credit Suisse.
  • Franklin Resources (NYSE:BEN) was downgraded to Hold from Buy with a $115 target price at Deutsche Bank.
  • Kimbo Realty (NYSE:KIM) was downgraded to Underperform at Baird.
  • Qualcomm (NASDAQ:QCOM) was removed from Top Picks Live list at Citigroup.
  • Realty Info (NYSE:O) was downgraded to Underperform at Baird.
  • Senior Housing Trust (NYSE:SNH) was downgraded to Neutral at Baird.

Statistics:

  • AYE: $23.67 on May 18, 2009 (Comtex SmarTrend indicated DOWNTREND)
  • BBY: $35.71 on July 17, 2009 (Comtex SmarTrend indicated UPTREND)
  • BEN: $106.75 on November 30, 2009 (Comtex SmarTrend indicated DOWNTREND)
  • SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day.
  • SmarTrend provides its subscribers with trend change alerts in real time.

Sources:

  • "Analyst Downgrades for 12/16/2009" (via COMTEX)
  • Comtex SmarTrend Alert (Saturday, 12-12-2009 23:59)
  • SmarTrend Newsletter (subscription required)
  • TradeTheTrend.com (free trial and subscription information)
  • MySmarTrend.com (for more information on SmarTrend)

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