Winning Trades Based on Analyst Ratings for June 20

Eleven stocks were initiated with or upgraded to new bullish ratings - Buy, Outperform, Overweight - by analysts this morning. Four more were downgraded to bearish ratings - Sell, Underperform, and Underweight. Piper Jaffray's call on Edwards Group Limited

was an initiation with a Buy rating and a price target of $13, producing the largest pop of the day. Piper Jaffray was the first of four initiations with a Buy rating among analysts as reported by Benzinga Professional, the other firms being Goldman Sachs, Deutsche Bank and Barclays Capital. EVAC opened at $7.70 and reached a high of $8.25 within three minutes of open, for a 7.14 percent pop. Benzinga first reported on this rating upgrade at 6:04 AM. A preview with analyst color of this report is

. The other ten trading signals weren't quite as high in terms of moves to respective share prices, although all worked in the first couple of hours of trading yielding a collective money-weighted gross return of 1.87 percent. Benzinga calculated this based on a maximum of $5,000 in capital committed to each long (shares bought) or short (shares sold) position. A trader acting on all eleven ratings signals would have needed just under $75,000 in trading capital. Exiting at highs of the day - the most optimistic scenario - would have produced just under $1,400 in gross profit. Commission cost would have been $150. If the same trader held on to those positions until the time of this writing, his/her gain would have been just a third of a percent in gross terms. Maximum draw-down of all positions would have been a negative 0.35 percent, which occurred after stocks moved favorably with regard to respective trade directions.