- Credit Suisse upgraded AT&T (T) to outperform from neutral and has a $35 target on the stock. Credit Suisse believes the impact from AT&T's loss of iPhone exclusivity will be less than expected and that the stock should benefit from its earnings growth and dividend yield.
- Goldman upgraded Freeport McMoRan (FCX) to buy from neutral and raised its price target to $94 from $79 based on improving copper fundamentals.
- Benchmark Co. upgraded Valueclick (VCLK) to vuy from hold on expectations Google Instant (GOOG) could drive marketing traffic. The firm raised its target price for Valueclick shares to $15 from $11.
- Best Buy (BBY) was upgraded to outperform from perform at Oppenheimer.
- Research In Motion (RIMM) was upgraded to buy from sell at Societe Generale.
- CarMax (KMX) was upgraded to outperform from market perform at Wells Fargo.
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FeedAnalyst Calls: BBY, FCX, KMX, NUE, PRGS, RIMM, T, USG, VCLK, X ...
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Insiders Snapping Up American Superconductor, Mediamind and More
If you are looking for clues telling you which stocks have a good chance of increasing in value, you might want consider watching what insiders are doing. After all, talk is cheap, but when insiders put their own money on the line, you should sit up and take note.
American Superconductor Corp (AMSC) topped the insider-buying charts for the week ending July 9th as insiders snapped up 200,000 shares of company stock at a market value of $5,657,600. During the past six months, insiders have increased their overall holdings in the company by 27.24% and now own 10.05% of AMSC stock.
Mediamind Technologies Inc (MDMD) was not far behind, with insiders buying 380,200 shares at a market value of $4,372,302. Insiders now own 0.00% of the company's stock after decreasing their overall holdings by 0.00% during the past six months.
Continue reading Insiders Snapping Up American Superconductor, Mediamind and More
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