Hot Gainers: MEMC Electronic Materials, Inc. (NYSE:WFR), Forest Oil Corporation, Forest Oil Corporation, Gafisa SA (ADR) (NYSE:GFA)

Lakeway, NY -- (SBWIRE) -- 03/08/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

MEMC Electronic Materials, Inc. (NYSE:WFR) shares jumped 2.67% and closed at $5.38 after WFR) was upgraded by equities researchers at Goldman Sachs from a “neutral” rating to a “buy” rating in a report issued yesterday. The firm currently has a $6.50 target price on the stock, up from their previous target price of $4.00.

Additionally, the company, on Mar. 4, announced that the Company's Board of Directors has appointed Randy H. Zwirn as a new independent member of the Board. Mr. Zwirn, 59, is the Chief Executive Officer, Energy Services Division of Siemens AG (NYSE: SI), Energy Sector. He also serves as President and Chief Executive Officer of Siemens Energy, Inc. with regional responsibility for the overall Energy Sector in the Americas.

Is WFR a Strong Buy After The Recent Gain? Let’s Find out Here

Forest Oil Corporation (NYSE:FST) shares climbed 2.66% and closed at $5.79. Analysts at Howard Weil lowered their price target on shares of FST from $9.00 to $7.00 in a research report issued to clients and investors on Mar. 4. The firm currently has a “sector perform” rating on the stock.

The company, on Feb. 20, announced financial and operational results for the fourth quarter and full-year 2012 and provided year-end estimated proved reserves. For the three months ended December 31, 2012, Forest reported a net loss of $287 million, or $(2.48) per diluted share. Adjusted net earnings and earnings per share on a diluted basis was $17 million, or $0.14 per diluted share, compared to $20 million, or $0.18 per diluted share, in the corresponding 2011 period.

Is FST a Strong Buying Opportunity After The Recent Slump? Find out Here

Gafisa SA (ADR) (NYSE:GFA) shares gained 2.62% to $4.31. On Feb. 19, Dow Jones reported that Gafisa SA is talking to two local private-equity companies about selling the Alphaville Urbanismo SA project, financial newspaper Valor Economico reported. GP Investments Limited and Hemisferio Sul Investimentos are the companies considering the acquisition valued at BRL1.9 billion ($968 million).

Should Investors Consider GFA After The Recent price Action? Get Free Trend Analysis Here

Synovus Financial Corp. (NYSE:SNV) stock climbed 2.60% to $2.76. The company declared a quarterly dividend on Tuesday, March 5. Shareholders of record on Thursday, March 21 will be given a dividend of $0.01 per share on Monday, April 1. This represents a $0.04 dividend on an annualized basis and a yield of 1.59%.

Is SNV a Strong Buy After The Recent Gain? Let’s Find out Here

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