Stocks to Watch: Medtronic, Travelers and More ...
Stocks sank despite a reading on consumer sentiment that was better-than-expected, and after the government reported a gain in gross domestic product for the fourth quarter of 2010, even though the 3.2 percent increase missed analyst expectations.
The Dow Jones Industrial Averagefell more than 65 points Friday after closing shy of 12,000 for the second straight session.
So which individual stocks are worth watching today? Here are six that are on the move:
Medtronic Inc
The medical technology company was upgraded to buy from neutral at Goldman Sachs. The firm also increased the price target to $45 from $37, citing higher earnings forecasts.
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Northern Trust Corporation
The financial holding company was downgraded to hold from buy at Citi. The price target remained $55 per share. The firm also reduced 2011 and 2012 estimates.
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The Travelers Companies Inc
The insurance company was upgraded to buy from hold at Argus Research with the price target at $65 per share.
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East West Bancorp Inc
The bank was downgraded to market perform from outperform at KBW.
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Nokia Corporation
The telecommunication manufacturer was upgraded to market perform from underperform at Morgan Keegan.
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Moody's Corporation
The credit rating agency was initiated buy with a $37 price target at Lazard Capital.
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