Deutsche Bank upgraded department store J.C. Penney (NYSE:JCP) to "buy" from "hold" according to MarketWatch.
Piper Jaffray downgraded Motorola (NYSE:MOT) to "sell" from "neutral", according to Briefing.com. The news service also reports that Lehman raised its price target on First Solar (NASDAQ:FSLR) to $335 from $280.
IBM (NYSE: IBM) was raised to "outperform" at BMO Capital Markets, according to 24/7 Wall St.
Douglas A. McIntyre is an editor at 247wallst.com.











Reader Comments (Page 1 of 1)
6-24-2008 @ 6:14PM
Stockaccumulator said...
While everyone is piling into ESLR and (FSLR), raising PE's rediculously high, a smarter play today is a strong buy on Renesola, with far greater profit growth and far lower PE. SOL is the most important rare buy/play today... Strong buy at this price, for certain... This will be the last we will see of these types of low numbers for SOL. Late July, into earnings will be a whole different story. We all know that. Also the price is so low today, that short interest is dropping off, as it logically does. (Some analysts are commenting on the fact that short interest in SOL has dropped off considerably, as the price is very much in the danger zone for shorts. And, last time short interest dropped in SOL, its share price started going up about 2 to 6 percent a day for about 25 days, before it slowed down (see/research for april, may, into June). Nobody will short SOL at this price, too risky; SOL price is extremely low, and has an incredibly low PE, for such fast growing/exponential profit growth shown. Also useless to try to time SOL, you will just miss that great rise which we all know will come into the next few weeks. We are long SOL with some shares, but buying more likely today... SOL is still one of our favorites of all time... a must own now for sure (SEE what Motley Fool mentions today about an all important fund getting into SOL big, read that article)... Best of all solars in profit growth and extremely Low PE at SOL... nothing wrong with the company, so we are happy to hold, though could have sold it off... but no reason to sell, since it is a great success story.
Really, much less than a year from now, we all know SOL will still exist (unless it is bought out for a pretty penny by some other asian solar company). And we all know that even less than a year from now, SOL will have a value 300% greater than today's price...