Does sifting through the onslaught of analyst upgrades and downgrades make your head spin? No need to get dizzy. Let the traders sort it out.
Procter & Gamble
BofA raised Procter & Gamble to "buy" from "neutral" partly on improving near-term top-line trends. The brokerage said P&G has a strong focus on reinvestment and a "refreshed" long term approach, which would drive relative valuation expansion.
"Procter & Gamble (is) well positioned to turn the corner," the brokerage said, raising the price target on the stock by $8 to $72.
Stock: Procter & Gamble
Call: Upgrade to 'buy'
Firm: Bank of America
Why: long-term strategy
Trader Take: BMO cut estimates on P&G just yesterday, reminds Tim Seymour, but I think that move was premature. P&G should benefit from lower grain prices. And I'm not worried about their exposure to Venezuela and the currency devaluation there. That's a small piece of their pie. I’m bullish.
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Peabody Energy
FBR maintained a 'Buy' on Peabody Energy and raised its price target from $52 to $63 citing strong demand as well as a solid balance sheet.
Stock: Peabody Energy
Call: 21% price target raise
Firm: FBR Capital Markets
Why: Robust demand
Trader Take: I’m a buyer of this stock on Tuesday’s pullback, says Pete Najarian.
But if you’re putting on a long position in the coal space, it’s not a short-term trade, adds Joe Terranova. It’s a position you’ll need to hold for most of 2010.
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Donino’s Pizza
Citigroup boosted its rating on shares of Domino’s to Buy from Hold and raised its price target to $14, from $11.
Citi says Dominoes has seen a solid acceleration in sales in January, in contrast to softening business at other fast-food restaurants.
Stock: Domino's Pizza
Call: upgrade to 'buy'
Firm: Citi
Why: Sales trend
