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Filed under: Analyst upgrades and downgrades, Analyst initiations, Pan Amer Silver (PAAS), CEMEX S.A.B. de C.V. (CX)

Analyst upgrades:

• Jefferies upgraded Legg Mason (NYSE: LM) to Buy from Hold on valuation following the recent sell-off, as they find the risk/reward attractive at current levels. However, the firm lowered their target to $23 from $44.
  
• Merriman raised First Solar (NASDAQ: FSLR) to Buy from Neutral after the company showed "industry leading growth" in Q3. The firm has a 12-month price target range of $185 to $195 per share.
• Ladenburg upgraded KeyCorp (NYSE: KEY) to Buy

The largest gripe that I’ve had with Wall Street Analysts is that they lack accountability. They flip-flop around their investment thesis and fundamental analysis of a situation. In my regard, the individual investor has many reasons to completely tune out all the noise that they hear and draw their own conclusions from macro-economic events and their own due diligence of a companies released earnings.

Over the past 400+ articles, I’ve mostly posted my buys and sells, with exact prices. This is to establish accountability and to form a track record. I’ve always said, regardless of how a per

Cramer prefers gold to silver. So why did he say he likes Pan American Silver, in June 9’s Lightning Round OT?

Pan American Silver (PAAS): Cramer prefers gold to silver, but in the pantheon of silver stocks, Pan American is a “winner,” he said.

Disclosure: Author is long STREETTRACKS GOLD (GLD) at time of publication.

Cramer prefers gold to silver. So why did he say he likes Pan American Silver, in June 9’s Lightning Round OT?

Pan American Silver (PAAS): Cramer prefers gold to silver, but in the pantheon of silver stocks, Pan American is a “winner,” he said.

Disclosure: Author is long STREETTRACKS GOLD (GLD) at time of publication.