Capital One a Top Stock Pick, Cree Climbs 2% on Upside Price Target

All three U.S. financial markets are trading in the green today. Investors and traders are feeling reasonably more positive sentiment in 2012. Here’s what analysts in the brokerage community had to say about these companies today:

Capital One Financial Corp. (NYSE:COF): Citigroup (NYSE:C) adds Capital One added to Top Picks Live list. Citigroup cited upside from the ING/HSBC deals and company valuation. Citi keeps Capital One rated a Buy with a $60 target.

Cree Inc. (NASDAQ:CREE): Piper Jaffray says current value favorable at Cree. Piper Jaffray sees favorable risk/reward citing better orders for an early Chinese New Year and a recovery in demand for LED street lighting. The firm keeps Cree Overweight with a $50 target.

A123 Systems, Inc. (NASDAQ:AONE): Wunderlich says A123 Systems rally “wishful thinking.” After A123 Systems found a new customer, VIA Motors, the company saw a 10 percent rally last week.  The firm says Via Motors has no products to sell and looks like a reincarnation of an auto electrification company that failed, Raised Technologies. Wunderlich calls the rally “wishful thinking” and expects first quarter revenues to be guided below consensus and maintains a Hold.

Affiliated Managers Group Inc. (NYSE:AMG): Citigroup adds Affiliated Managers added to Top Picks Live list. Citigroup says strong organic fourth quarter growth will be reported with significant deployment of capital in 2012. Citi keeps a Buy and raises target from $110 to $115.

Penn National Gaming Inc. (NASDAQ:PENN): Credit Suisse adds Penn National to U.S. Focus List. Credit Suisse cites PENN’s valuation, strengthening U.S. consumer potential and future projects. Credit Suisse ratea PENN Outperform.

Further Reading: Yahoo Continues to Clean House at Highest Company Levels>>

To contact the reporter on this story: Jim Wilkerson at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com