Analysts Upgraded or Downgraded These Stocks in February

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Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares in February:

Upgrades

Seagate Tech (NASDAQ:STX): Seagate (NASDAQ:STX) reported positive Q2 results last night, beating both EPS and revenue estimates. Q2 EPS came in at $1.32 vs. consensus $1.08, while revenue of $3.2B beat consensus of $3.15B. The company forecast in-line Q3 revenue and noted that it expected to ship at least 60M disk drives next quarter. On its conference call, management said FY12 demand will exceed supply and the low point of industry production likely occured in mid-December. The company expects to continue dividends and share repurchases in 2012. This morning, several firms upgraded their price target on the shares. FBN Securities raised its target to $40 from $25. Needham’s target went to $45 from $35, and RW Baird upped their target to $27 from $20. Due to the positive sentiment and earnings, shares of Seagate have rallied over 23% in late morning action to $26.15, making a fresh 52-week high in the process.

Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $35.

Downgrades

Sunoco (NYSE:SUN):

Barclays Capital downgraded its rating on this company from Overweight to Equal Weight and changed its price target from $46 to $37.

Zimmer Hldgs (NYSE:ZMH):

UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $56 to $64.

Healthcare Realty (NYSE:HR):

UBS downgraded its rating on this company from Neutral to Sell and changed its price target to $16.

Broadcom (NASDAQ:BRCM):

Auriga downgraded its rating on this company from Buy to Hold and changed its price target from $35 to $37.

Exxon Mobil (NYSE:XOM):

Argus downgraded its rating on this company from Buy to Hold.

Mattel (NASDAQ:MAT): Mattel announced that it completed the acquisition of HIT Entertainment from a consortium of funds led by Apax Partners for $680 million in cash. HIT Entertainment is one of the largest independent owners of preschool intellectual property, including Thomas & Friends, Barney, Bob the Builder, Fireman Sam and Angelina Ballerina. The company previously announced its proposed acquisition of HIT Entertainment by press release on Oct. 24, 2011. The acquisition combines Mattel’s global marketing, distribution and brand management capabilities with HIT Entertainment’s global programming and licensing expertise to accelerate growth of the combined portfolio.

Caris & Company downgraded its rating on this company from Buy to Above Average and changed its price target from $36 to $38. Stifel Nicolaus downgraded its rating on this company from Buy to Hold.

Newmont Mining (NYSE:NEM): China’s January PMI increased to 50.5 in January from 50.3 in December versus a consensus estimate of 49.5, reports Reuters. Stifel Nicolaus downgraded its rating on this company from Buy to Hold.

Monster Worldwide (NYSE:MWW):

Oppenheimer downgraded its rating on this company from Outperform to Perform.

Flushing Fin (NASDAQ:FFIC):

FBR Capital downgraded its rating on this company from Outperform to Mkt Perform and changed its price target to $15.

Applied Micro (NASDAQ:AMCC):

Oppenheimer downgraded its rating on this company from Outperform to Perform and changed its price target to $10 >>.

UNITIL Corporation (NYSE:UTL):

Brean Murray downgraded its rating on this company from Buy to Hold and changed its price target to $31 >>.

Techne (NASDAQ:TECH):

Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $81 to $71.

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