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Thursday, June 23, 2011

Brokerage House Upgrades and Downgrades: (CAVM)

UBS, the brokerage firm, has recently increased the rating on Cavium Networks (CAVM). They upped the rating from Neutral to Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $47 per share by the brokerage firm. Shares of CAVM traded higher by 3.64% or $1.43/share to $40.69. In the past year, the shares have traded as low as $22.16 and as high as $48.30. On average, 981368 shares of CAVM exchange hands on a given day and today's volume is recorded at 1456218.