Wednesday, June 23, 2010

Stocks Driven By Analyst Comments

DreamWorks (DWA) is notably higher after being upgraded at Stifel Nicolaus to Buy from Hold. Shares are up by 1.9 percent, attempting to extend a recovery from the nearly one-year closing low set earlier this month.

Holly Corp (HOC) is also on the upside by a notable margin following an upgrade by analysts at Bank of America from Neutral to Buy based on valuation. The broker also raised its price target on the stock to $35 from $32. The stock has gained 4.1 percent but remains rangebound.

On the other hand, Edwards Lifesciences (EW) is moving lower after being downgraded at Goldman Sachs from Buy to Neutral. The stock is down by 5.5 percent, pulling back further off of this month's historic closing levels.



No comments: