Stock Newsletter on Major Stock Downgrades (GGB, AMZN, CEL)

Gerdau SA (ADR) (NYSE:GGB) is down 1.4% to $13.87 after analyst at Goldman Sachs downgraded the company’s rating to “Sell” from “Neutral“, citing lack of positive catalysts and high valuation at current levels.  The firm also lowered the price target from $20.50 to $13.90.

Subscribe to daily free stock newsletter by visiting:  http://www.pennystockpickreport.com/

Gerdau S.A is engaged in the production of long rolled steel and operates steel mills that produce steel by direct iron-ore reduction (DRI) in blast furnaces and in electric arc furnaces (EAF).

Amazon.com, Inc. (NASDAQ:AMZN) slid 2.30% to $118.25 after Susquehanna downgraded the stock to “Neutral” from “Positive “. The firm set a price target of $180.

So far this year, the stock has fallen about 11%. The 52-week range for the stock is $75.41-$151.09.

Amazon.com, Inc. (Amazon.com) offers services to consumers, sellers, and developers through its retail Websites.

Cellcom Israel Ltd. (NYSE:CEL) shares are down over 3.40% after analysts at Bank of America lowered their rating to “Neutral” from “Buy”.

So far this year, shares of CEL have fallen over 15% and trading very near to its 52-week low of $25. Analysts anticipate that the company will report earnings of $12.03 a share in fiscal 2010.

The median Wall Street price target on the stock is $135 and the high target is set at $157.79 with majority of analysts have a Hold rating on the company’s stock. The stock is trading above both the 50- Day Moving Average and 200-Day Moving Average prices are $ $27.16 and $31.53 respectively.

About http://www.pennystockpickreport.com/

Penny Stock Pick Report offers stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on hot stocks, most active movers, top gainers, penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.