Tag Archives: upgrades

Despite Upgrade & Buy Rating, American Superconductor (AMSC) Whacked Again

American Superconductor (AMSC) continued selling off today following its strong earnings report.  Traders obviously don’t believe it was a strong enough report to support the high valuation and so the stock drops into a much needed base.  It looks to me like it’s headed to that 200 day moving average just below the $32 level.

The selling continues today despite two upgrades – from Janco Partners and Brean Murray.

Janco upgraded the stock from Read the rest

Upgrades: Otter Tail (OTTR) & VeraSun Energy (VSE)

2 upgrades to  tell you about this morning – Citi upgraded VeraSun (VSE) from Sell to Hold but lowered the price target from 3 to 1.85, saying “The difficulties in 3Q08 are primarily related to the company’s corn hedging activities as VeraSun chose to lock in significant quantities of corn back in July when the corn market was reaching its peak. Consequently, as corn prices quickly reversed course VeraSun generated large losses on its corn … Read the rest