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Friday, June 3, 2011

Daily Upgrades and Downgrades: (HGG), (NE), (XIDE), (CBRL), (GEOI)

Caris & Company, the brokerage firm, has recently increased the rating on HHGregg (HGG). They upped the rating from Above Average 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 $20 per share by the brokerage firm. Shares of HGG traded higher by 1.76% or $0.25/share to $14.45. In the past year, the shares have traded as low as $11.89 and as high as $28.94. On average, 620268 shares of HGG exchange hands on a given day and today's volume is recorded at 483406.

Noble Corp (NE) recently had their rating changed from Mkt Perform to Outperform. FBR Capital is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. The target price is currently set at $55 per share by the brokerage firm. Shares of NE traded higher by 1.89% or $0.765/share to $41.185. In the past year, the shares have traded as low as $26.23 and as high as $46.72. On average, 3992030 shares of NE exchange hands on a given day and today's volume is recorded at 3202418.

Exide Tech (XIDE) recently had their rating changed from Buy to Accumulate. Ardour Capital 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 $10 per share by the brokerage firm. Shares of XIDE traded higher by 5.31% or $0.39/share to $7.74. In the past year, the shares have traded as low as $4.12 and as high as $12.68. On average, 682969 shares of XIDE exchange hands on a given day and today's volume is recorded at 1316658.

Cracker Barrel (CBRL) is currently being analyzed by the brokerage firm Argus. They have just changed their rating from Buy to Hold. 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. Shares of CBRL fell by 1.24% or $-0.56/share to $44.62. In the past year, the shares have traded as low as $43.65 and as high as $57.79. On average, 348495 shares of CBRL exchange hands on a given day and today's volume is recorded at 292072.

GeoResources (GEOI) recently had their rating increased from Neutral to Accumulate. Global Hunter Securities is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. Shares of GEOI traded higher by 1.8% or $0.415/share to $23.485. In the past year, the shares have traded as low as $13.01 and as high as $32.94. On average, 433635 shares of GEOI exchange hands on a given day and today's volume is recorded at 305002.