A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/equitybriefdaily) and Equity Brief:
BB&T initiated coverage on shares of Stratasys (SSYS). They issued a buy rating on the stock and set a $83.00 price target.
JPMorgan Chase upgraded shares of Syngenta AG (SYT) from an underweight rating to a neutral rating.
Guggenheim reiterated its neutral rating on shares of AT&T Inc. (T). They have a $33.50 price target on the stock.
TD Securities downgraded shares of Teck Resources Limited (TCK) from a buy rating to a hold rating.
Scotia Capital downgraded shares of Toronto-Dominion Bank (TD) from an outperform rating to a sector perform rating.
CIBC downgraded shares of Toronto-Dominion Bank (TD) from an outperform rating to an outperform rating.
Topeka Capital initiated coverage on shares of Toll Brothers, Inc. (TOL). They issued a hold rating on the stock. They wrote, "Demand for Toll-branded homes appears to be increasing across the US, and we believe the traditional Toll buyer may be less sensitive to a loss of the mortgage interest tax deduction than entry-level or first-move-up buyers. However, we believe Toll`s greater-than-$500k average selling price may result in headline risk as the fiscal cliff negotiations continue."
Needham & Company raised its price target on shares of Tesla Motors Inc (TSLA) from $36.00 to $38.00. They have a buy rating on the stock.
Credit Suisse upgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM) from a neutral rating to an outperform rating. They wrote, "Momentum continues in 2013. We believe 2013 is promising due to (1) earlier pull-in of high-end processors, (2) second wave of 28nm multi-core for China smartphones/tablets, and (3) and aggressive cost reductions to sustain margins. . We see urgency to ramp a 28nm project which we believe is likely Apple from 2Q13 and pull in Apple to 5% of 2013 sales (20% allocation) and 12% of 2014 sales (35% allocation), with upside if iPhone shifts to TSMC."
Zacks reiterated its outperform rating on shares of Tesoro Co. (TSO).
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