Top Analyst Upgrades & Downgrades (GDI, HBC, AGCO, WCRX, FRX, WIN, RYN, RS, AEM, BMI, K, SHLD, MCP)

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By Jon C. Ogg Updated Published

Jon Ogg
Finding analyst calls from Wall Street research and brokerage firms on the last trading day of the year is a bit like looking for four-leaf clovers.  Still, there are a few analyst upgrades, downgrades, and initiations seen from Wall Street research calls this morning.

Gardner Denver, Inc. (NYSE: GDI) named as the Value Stock of the Day at Zacks Investment Research. HSBC Holdings PLC (NYSE: HBC) was named as the Bear of the Day and AGCO Corporation (NYSE: AGCO) was named as the Bull of the Day by Zacks Investment Research.

Warner Chilcott plc (NASDAQ: WCRX) lowered price target to $25 and Forest Labs Inc. (NYSE: FRX) target cut to $40 at Bank of America Merrill Lynch.

Windstream Corporation (NASDAQ: WIN) Started as Neutral at Piper Jaffray.

Rayonier Inc. (NYSE: RYN) and Reliance Steel & Aluminum (NYSE: RS) were added to the #1 (Strong Buy) List at Zacks Investment Research.  The Zacks additions to the #5 (strong Sell List are as follows: Agnico-Eagle Mines Ltd. (NYSE: AEM); Badger Meter Inc. (NYSE: BMI); Kellogg Co. (NYSE: K); and Sears Holdings Corporation (NASDAQ: SHLD). 

Molycorp Inc. (NYSE: MCP) is one where we said earlier in the week that the efficient market theory cannot be applied, and Zacks included it on the Strong Sell ratings list this morning to close out 2011.

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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