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Calls Of The Day – Tuesday January 12th

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

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Trader disclosure: On Jan 12th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (AA), (AKS), (BAC), (FXI), (GE), (INFY), (LVS), (MGM), (SBUX), (MOO), (INTC), (VALE); Seymour Is Short (TSO); Finerman's Firm Is Short (IJR), (MDY), (SPY), t (IWM); Finerman's Firm Is Short (USO); Finerman's Firm Is Short (UNG); Finerman Owns (AAPL); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman's Firm Owns (WFC) Preferred; Finerman Owns (BAC) Preferred, (BAC); Finerman Owns (JPM) Calls; Finerman's Firm Owns (MCD), (MSFT), (MSFT), (PBR), (STJ), (TGT), (TJX), (WMT), (YUM), (STJ), (BDX), (BCR), (BSX), (GOOG); Najarian Owns (AMAT) Calls; Najarian Owns (AA) Feb. Calls, Is Short (AA) Jan. Calls; Najarian Owns (CLF), Is Short (CLF) Calls; Najarian Owns (FCX), Is Short (FCX) Calls; Najarian Owns (MGM) Call Spread; Najarian Owns (MS); Najarian Owns (STJ) Calls; Terranova Is Long March British Pound Futures; Terranova Is Long Copper Backwardation: Long May 2009, Short July 2009; Terranova Is Short (AGU), (JCI), (CMA), (ICE), (ESS),(CAL); Terranova Owns (BAC), (QCOM), (MSFT), (EMC), (FTO), (XOM); Terranova Owns (XHB) March Puts; Adami Owns (GS), (INTC), (AGU), (BTU), (C), (MSFT), (NUE); Kaminsky Is Short (QQQQ)

GE Is The Parent Company Of CNBC

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (SKT)

For Tim Seymour
Seygem Asset Management Is Short (EEM)
Seygem Asset Management Is Short (EWA)

For Geoff Meacham
J.P. Morgan Has An Investment Banking Relationship With (CELG), (AMGN), (OSIP) (ACOR), (MDVN)