Patriot Coal Corp (NYSE: PCX), Juniper Networks (NASDAQ: JNPR), Rosetta Resources Inc. (NASDAQ: ROSE), Range Resources (NYSE: RRC), ECB Bancorp, Inc. (NASDAQ: ECBE) and Hercules Tech. (NASDAQ: HTGC) downgraded by analysts.
Juniper Networks (JNPR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $26.00 on the company.
Patriot Coal (PCX) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $26.00 on the company, down from $33.00.
Rosetta Resources (ROSE) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.
Range Resources (RRC) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.
ECB Bancorp (ECBE) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.
Hercules Tech. (HTGC) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.
Showing posts with label ECB. Show all posts
Showing posts with label ECB. Show all posts
Thursday, July 28, 2011
Wednesday, December 1, 2010
Gold Prices Today Closing in on $1,400
Gold prices today are pressing toward $1,400, after European Central Bank President Jean-Claude Trichet hinted the ECB may step up acquisitions of sovereign debt of nations continuing to struggle from out of control deficits and inability to pay for promises to their people they should have never made.
The U.S. dollar also reversed course today, helping shore up gold prices, as it moved back to its expected performance of falling in value against the euro.
This will continue to be a volatile situation, as there appears to be a hiding of the true depth of the sovereign debt crisis in Europe, and every time it is revealed that it is much worse than thought, the euro plunges, the U.S. dollar strengthens against it, and gold prices rise.
That will continue to happen until the situation is handled in Europe, if it even can be.
For gold, much of the quantitative easing news has been shoved aside as the sovereign debt crisis grabs headlines, but once investors price that into gold again, prices should continue to press up and easily surpass the $1,400 an ounce mark.
The U.S. dollar also reversed course today, helping shore up gold prices, as it moved back to its expected performance of falling in value against the euro.
This will continue to be a volatile situation, as there appears to be a hiding of the true depth of the sovereign debt crisis in Europe, and every time it is revealed that it is much worse than thought, the euro plunges, the U.S. dollar strengthens against it, and gold prices rise.
That will continue to happen until the situation is handled in Europe, if it even can be.
For gold, much of the quantitative easing news has been shoved aside as the sovereign debt crisis grabs headlines, but once investors price that into gold again, prices should continue to press up and easily surpass the $1,400 an ounce mark.
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