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Wednesday, June 8, 2011

Stock Market Upgrades and Downgrades: (ESV), (MY), (WLL), (ENS), (SMG)

Ensco (ESV) recently had their rating changed from Neutral to Buy. UBS 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 ESV traded higher by 0.22% or $0.12/share to $55.21. In the past year, the shares have traded as low as $34.50 and as high as $60.31. On average, 3413160 shares of ESV exchange hands on a given day and today's volume is recorded at 2184061.

China Ming Yang Wind Power (MY) is currently being analyzed by the brokerage firm Maxim Group. 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 MY fell by 3.35% or $-0.21/share to $6.06. In the past year, the shares have traded as low as $6.46 and as high as $14.70. On average, 356273 shares of MY exchange hands on a given day and today's volume is recorded at 293678.

Whiting Petroleum (WLL) is currently being analyzed by the brokerage firm Global Hunter Securities. They have just increased their rating from Neutral to Accumulate. 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 WLL remained unchanged at $61.3. In the past year, the shares have traded as low as $36.82 and as high as $75.91. On average, 2171870 shares of WLL exchange hands on a given day and today's volume is recorded at 811529.

Ardour Capital, the brokerage firm, has recently changed the rating on Enersys (ENS). They upped the rating from Accumulate 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 $42 per share by the brokerage firm. Shares of ENS fell by 1.98% or $-0.6475/share to $31.9925. In the past year, the shares have traded as low as $20.74 and as high as $40.32. On average, 314631 shares of ENS exchange hands on a given day and today's volume is recorded at 268774.

Scotts Miracle-Gro (SMG) is currently being analyzed by the brokerage firm Longbow. They have just changed their rating from Buy 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. Shares of SMG fell by 1.1% or $-0.58/share to $52.31. In the past year, the shares have traded as low as $43.27 and as high as $60.62. On average, 544857 shares of SMG exchange hands on a given day and today's volume is recorded at 374514.