The Upgrades: NY Comm Bank, Nokia and JA Solar (NYSE: NYB), (NYSE: NOK),( NASDAQ: JASO)

Today's upgrades include New York Community Bancorp, Inc. (NYSE:NYB), Nokia Corporation (ADR) (NYSE:NOK) and JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO).  Read on to see what analysts are saying about these companies.

New York Community Bancorp, Inc. (NYSE:NYB) took a nice jump upward yesterday when FBR Capital upgraded the stock from Market Perform to Outperform, raising the price target to $16.  Shares soared yesterday after that news and an announcement for a stock offering.  Shares gapped up yesterday from $12.33 to $13.40.  Now, in what seems to be a continuation, the Maxim Group has upgraded NYB from a Sell to a Hold.  Unfortunately for NYB investors it did not have the same effect as yesterday’s news as the shares gapped down from yesterday’s close of $13.40 down to $12.89 a share, with shares currently at $12.78 (-4.63%).

After what seems to be nothing but a sea of red in terms of analyst recommendations, Nokia Corporation (ADR) (NYSE:NOK) finally scored a positive with BMO Capital Markets issuing an upgrade on the stock from Underperform to Market Perform.  BMO did not set a price target for the stock, but this is the first upgrade on the stock since May 20 of this year (by Deutsche Securities).  Currently the shares are trading at $12.70 and sitting just above a strong support line of $12.50 as shown by the chart (blue horizontal line below).  The price has been tested 3 times already and the recent pull back last is the fourth test.  Since the stock does not seem to want to break the support line, it might be a good time to snap up some shares of Nokia if you like the communications company as an investment.

JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) got a double-shot like NYB above.  They received the first upgrade yesterday when Barclays Capital moved the stock from Equal Weight to Overweight and initiated a price target of $6 for the stock.  Shares soared from $4.40 a share at Friday’s close to a strong finish yesterday at $4.95 per share.  Then, today Thomas Weisel upgraded the stock from Underweight to Market Weight, but did not set a price target.  The stock is not soaring like it did yesterday, but it is not fairing too bad considering the general market and the large jump yesterday.  It is currently trading at $4.86 a share (-1.82%).

Disclosure: No positions.