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Devon Energy - Upgrades & Downgrades

NEW YORK ( TheStreet) -TheStreet Ratings' stock model upgraded Devon Energy Corp (DVN - Get Report) to 'Buy' from 'Hold'. Net income at this $34.7 billion market cap, natural gas producer jumped 319% to a profit of $2.1 billion in the third quarter compared to the same quarter last year.

TheStreet Ratings released rating changes on 10 U.S. common stocks for December 29, 2010. In total, 6 stocks were upgraded and 4 stocks were downgraded by our stock model.

In the third quarter, Devon Energy reported $2.4 billion in revenue, an increase of 27.3% over the year earlier quarter. Learn more about Devon Energy: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

$113 million market cap, electrical wiring company, Coleman Cable Inc (CCIX) was upgraded to 'Hold' from 'Sell'. In third quarter results, Coleman Cable reported a 296% increase in net income to $3.1 million and a 40.2% increase in revenue to $187.6 million when compared to the same quarter last year. Learn more about Coleman Cable: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

-- Reported by Kevin Baker in Jupiter, FL.

For additional Investment Research check out our Ratings Research Center.

Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

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