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Friday, June 24, 2011

Brokerage House Upgrades and Downgrades: (BSX), (LUX), (COH), (CTCT), (TIF)

Boston Scientific (BSX) recently had their rating changed from Buy to Neutral. UBS is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bearish sign for the stock, and this brokerage house may tell its clients to sell the stock. The share prices may fall because of this action. Analysts believe that the company's share price may begin to fall. The target price is currently set at $7 per share by the brokerage firm. Shares of BSX fell by 3.67% or $-0.26/share to $6.83. In the past year, the shares have traded as low as $5.04 and as high as $7.96. On average, 20630300 shares of BSX exchange hands on a given day and today's volume is recorded at 16485904.

HSBC Securities, the brokerage firm, has recently decreased the rating on Luxottica (LUX). They lowered the rating from Overweight to Neutral. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. Shares of LUX fell by 1.6% or $-0.495/share to $30.36. In the past year, the shares have traded as low as $22.39 and as high as $34.43. On average, 62372 shares of LUX exchange hands on a given day and today's volume is recorded at 35099.

Coach (COH) is currently being analyzed by the brokerage firm HSBC Securities. They have just decreased their rating from Overweight to Neutral. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $67 per share by the brokerage firm. Shares of COH fell by 3.02% or $-1.84/share to $59.05. In the past year, the shares have traded as low as $33.75 and as high as $64.43. On average, 3004570 shares of COH exchange hands on a given day and today's volume is recorded at 2214909.

Constant Contact (CTCT) is currently being analyzed by the brokerage firm Dougherty & Company. They have just changed their rating from Sell to Neutral. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. Shares of CTCT traded higher by 1.27% or $0.31/share to $24.73. In the past year, the shares have traded as low as $16.75 and as high as $36.33. On average, 535431 shares of CTCT exchange hands on a given day and today's volume is recorded at 220189.

Tiffany & Co (TIF) is currently being analyzed by the brokerage firm HSBC Securities. They have just decreased their rating from Overweight to Neutral. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $81 per share by the brokerage firm. Shares of TIF fell by 0.77% or $-0.59/share to $75.68. In the past year, the shares have traded as low as $35.81 and as high as $77.92. On average, 1769590 shares of TIF exchange hands on a given day and today's volume is recorded at 1423884.