Stock Research 09-22-11

Thursday’s stock research highlights moves by Standpoint Research to upgrade a group of names on what looks like pure valuation reasoning given the market slide. The research firm upgraded six names in total, including stocks from various sectors. There were more upgrades than downgrades overall, which I found a bit surprising. It’s been my feeling that at some point there would be capitulation by brokers, as their economists and sector strategists cut the economic outlook, and as that information feeds through to stock analysts. Some firms allow more freedom than others in this regard, and so analysts act autonomously and sometimes inconsistently to their economic and strategic gurus.

Stock Research

UPGRADES

Company	Analyst	From	To
Camden Property (NYSE: CPT)	FBR	Mkt. Perform	Outperform
FedEx (NYSE: FDX)	StandPoint	Hold	Buy
Full Circle Capital (Nasdaq: FULL)	Ladenburg Thal	Neutral	Buy
Lockheed Martin (NYSE: LMT)	Standpoint	Hold	Buy
MetroPCS (NYSE: PCS)	Standpoint	Hold	Buy
Netflix (Nasdaq: NFLX)	Wedbush	Underperform	Outperform
Netflix (Nasdaq: NFLX)	UBS	Sell	Neutral
Prosperity Banc. (Nasdaq: PRSP)	Standpoint	Hold	Buy
Saneamento Basico (NYSE: SBS)	Standpoint	Hold	Buy
Sunpower (Nasdaq: SPWRA)	Kaufman Bros	Sell	Hold
Susquehanna Bank (Nasdaq:SUSQ)	Boenning Scatt	Neutral	Outperform
Tempur-Pedic (NYSE: TPX)	Standpoint	Hold	Buy
Yahoo (Nasdaq: YHOO)	Stifel Nicolaus	Hold	Buy

DOWNGRADES

Company	Analyst	From	To
Comtech Telecom (Nasdaq: CMTL)	Needham	Buy	Hold
Goodrich (NYSE: GR)	FBR	Outperform	Mkt. Perform
Magellan Midstream (NYSE: MMP)	Morgan Keegan	Outperform	Mkt. Perform
Under Armour (NYSE: UA)	Needham	Buy	Hold
Urban Outfitters (Nasdaq: URBN)	Wedbush	Neutral	Underperform

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