Winning Trades Based on Analyst Ratings for June 22
Twenty three stocks were subject to new equity research firm ratings Friday morning. Twenty one of these stocks were upgraded to or initiated with Buy or equivalent ratings. Two stocks were downgraded to or initiatiated with Sell or equivalent ratings. Below are two of the biggest stock moves related to those ratings.
Wunderlich Securities on Bonanza Creek Energy
Friday, Wunderlich Securities initiated Bonanza Creek Energy (NYSE: BCEI) with a Buy rating and a price target of $29. Benzinga Professional first reported this initiation at 6:57 AM, and followed up with a preview containing analyst comments.
Shares opened Friday near $15.28. Then, in around the next three minutes, shares reached a high for the day at approximately $15.88. This high represented a share price increase of near 3.9% from the open.
Argus Research on Facebook
Benzinga Professional reported at 7:52 AM this morning that Argus Research initiated coverage on Facebook (NASDAQ: FB) with a Buy rating. FB opened at $32.41 and later traded as much as 3.2 percent higher.
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