Initiations, Upgrades & Downgrades: BMC, AXAS, ALJ, BMR, XEC, CRAY, GENZ, DWA
Thursday, February 17, 2022 3:26 PM

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The stocks in the market added to modest gains after a slew of economic news. US core consumer prices rose at their quickest pace, more than a year in January as the Federal Reserve's monetary policy came into focus again with signs of inflation creeping into the global economy.

The consumer price index, CPI, increased to 0.4 percent in January 2011 along with an increase in producer price index, PPI, of 0.8 percent. Import and export prices continued to trend upward in January, rising 1.5 percent and 1.2 percent, respectively.

Although, the technology sector showed strength with Nvidia Corp (NasdaqGS: NVDA) up 6.7 percent to $24.96 a day after a bullish revenue forecast, the stock has been moved to hold from buy at Citigroup. There are only few companies in the market whose stock has been upgraded as compared to the companies in the downgraded list.


The brokerage firm Collins Stewart initiated the stock of BMC Software, Inc. (NasdaqGS: BMC) at a buy, assigning $57 as its price objective on Thursday. Currently, the stock is trading up 0.79 percent at $50.88.

The stock of Abraxas Petroleum Corporation (NasdaqCM: AXAS) is up sharply before the bell on an outperform initiation at Robert W. Baird on Thursday. The shares of the company are trading at $5.23 gaining a high percentage of 7.39 in the market.

Analysts at Dahlman Rose introduced the stock of Alon USA Energy, Inc. (NYSE: ALJ) in the market as hold on Thursday. The company shares are showing a gain of 2.11 percent at $11.14.


The FBR Capital has upgraded Biomed Realty Trust Inc. (NYSE: BMR) from market perform to outperform primarily because of an increase of around 76 percent in its net income in the fourth-quarter. The stock is presently trading at $17.76, up 1.49 percent.

The stock of Fair Isaac Corp. (NYSE: FICO), which is currently trading at $27.66, gaining 9.13 percent, has been upgraded by the analysts at Wedbush and Northland Securities from underperform to neutral and market perform to outperform, respectively.

Teen dream clothing outfit company Abercrombie & Fitch (NYSE: ANF), which rose 7.58 percent yesterday after earnings, is upgraded to positive from neutral at Susquehanna on Thursday. The stock shed by 1.95 percent, trading at $58.58 at present.


The stock of Cimarex Energy Co. (NYSE: XEC) has been downgraded by UBS from buy to neutral. Reportedly, a decrease in the profit margin of the company was responsible to some extent for the downgrade. The stock is trading at $113.91, up 1.34 percent.

Analysts at Northland Securities downgraded the stock of Cray Inc. (NasdaqGS: CRAY) from outperform to market perform on Thursday. The company’s shares fell back 9.20 percent at $7.50.

Genzyme (GENZ): The stock is downgraded to hold from buy at Jefferies with target price of $80.

Stifel Nicolaus has downgraded Dreamworks Animation SKG, Inc. (NasdaqGS: DWA) from hold to sell. The stock is trading down at $28.04 by 3.64 percent on Thursday. It adds that fourth quarter results on February 24 will highlight these challenges.

Nokia Corporation (NYSE: NOK) faced a downgrade from neutral to sell on Thursday. The company’s stock is trading at $9.08, a 0.22 percent cut.



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Market news:

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    • LONDON - Keep an eye on the mailbox - Britain's Prince William and bride-to-be Kate Middleton have posted out invites to their hotly anticipated royal wedding to around 1,900 guests, officials said Sunday.
    • In a statement, William's office insisted it would not disclose details of individual guests.
    • Royal officials also declined to confirm reports that William's aunt, Sarah Ferguson, the Duchess of York, won't be invited.
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        • BEIJING - Authorities rounded up dozens of dissidents and cracked down on calls for a "Jasmine Revolution," which urged demonstrations in more than a dozen Chinese cities Sunday apparently modeled after the wave of pro-democracy protests sweeping the Middle East.
        • More than 100 activists in cities across China were taken away by police, confined to their homes or were missing, the Hong Kong-based group Information Center for Human Rights and Democracy said.
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            • NEW YORK - Strong winds have meant several hours of work for hundreds of New York City firefighters trying to extinguish a fire that ripped through a six-story apartment building.
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                • MANAMA, Bahrain - Opposition leaders are gathering to discuss their strategy for possible talks with Bahrain's rulers after nearly a week of protests and deadly clashes.
                • A leader of the main Shiite political bloc, Abdul-Jalil Khalil, says the meetings Sunday will assess the monarchy's offer for dialogue, but he notes that no direct talks are under way.
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                  • Japan eagerly awaits pandas arriving from China Feb 20, 2022 12:21 AM

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AnalystFirm NameSymbolEPS Estimate
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