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Monday, June 6, 2011

Stock Upgrades and Downgrades: (AEO), (SQNS), (TLVT), (HGG), (SNDA)

American Eagle (AEO) recently had their rating changed from Sell to Hold. Brean Murray 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 AEO traded higher by 0.31% or $0.04/share to $12.84. In the past year, the shares have traded as low as $11.35 and as high as $17.46. On average, 4480100 shares of AEO exchange hands on a given day and today's volume is recorded at 2900375.

Sequans Communications (SQNS) recently had their rating decreased from Buy to Hold. Needham 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. Shares of SQNS fell by 10.8% or $-1.83/share to $15.12. In the past year, the shares have traded as low as $7.95 and as high as $15.55. On average, 1077050 shares of SQNS exchange hands on a given day and today's volume is recorded at 921319.

Telvent (TLVT) recently had their rating changed from Outperform to Neutral. Wedbush 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 $40 per share by the brokerage firm. Shares of TLVT fell by 0.13% or $-0.05/share to $39.75. In the past year, the shares have traded as low as $16.57 and as high as $33.37. On average, 137477 shares of TLVT exchange hands on a given day and today's volume is recorded at 460754.

Caris & Company, the brokerage firm, has recently changed 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 0.48% or $0.07/share to $14.67. In the past year, the shares have traded as low as $11.89 and as high as $31.14. On average, 611914 shares of HGG exchange hands on a given day and today's volume is recorded at 426656.

HSBC Securities, the brokerage firm, has recently changed the rating on Shanda Interactive (SNDA). They lowered the rating from Neutral to Underweight. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. The target price is currently set at $41 per share by the brokerage firm. Shares of SNDA fell by 1.87% or $-0.75/share to $39.26. In the past year, the shares have traded as low as $36.33 and as high as $54.20. On average, 211544 shares of SNDA exchange hands on a given day and today's volume is recorded at 75382.