Mar 1, 2016

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Recent Brokerage Upgrades: KBR Inc (NYSE:KBR), Newfield Exploration Co. (NYSE:NFX), Dynegy Inc (NYSE:DYN)

Recent Brokerage Upgrades: KBR Inc (NYSE:KBR), Newfield Exploration Co. (NYSE:NFX), Dynegy Inc (NYSE:DYN)

Analyst ratings are essential! Traders keep monitoring analyst ratings of their picks. Wall Street is a tough place to make a living. Everyone is looking for an edge in the stock market, and quite often, traders turn to stock analysts to get that edge. A stock analysts is a person—typically employed by a large bank, investment firm or analysis company—who devotes his/her life to learning and making predictions about a company and its future performance.

Stock analysts sift through company reports and filings, talk to company management, probe customers and competitors and basically do whatever they can to find out if a company is healthy and growing or sick and shrinking. Because this is incredibly demanding work, stock analysts typically only monitor one or two companies at a time. Analysts also issue projected price targets of where they believe the stock price is going to be 12 months down the road.

Citigroup upgraded KBR Inc (NYSE:KBR) to Neutral from Sell on Monday. The stock has a consensus Buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 6 have assigned a hold rating, Zero says it’s a buy, and 2 have assigned a strong buy rating to the company.

In a note to investors, Raymond James upgraded Newfield Exploration Co. (NYSE:NFX) to Strong Buy from Mkt Perform. It has earned a consensus Strong Buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 4 have assigned a hold rating, 1 says it’s a buy and 16 have assigned a strong buy rating to the company.

According to a research note released on Monday, Guggenheim has upgraded Dynegy Inc (NYSE:DYN) from Neutral to Buy. The average analysts that follow this company have a ‘Strong Buy’ rating, according to Zacks Investment Research. Among analysts covering the stock, 2 maintain strong buy rating, 2 set the stock as buy, 2 have assigned a hold rating and Zero suggests selling.

 

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