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Thursday, June 2, 2011

Upgrades and Downgrades for Today: (CBRL), (VZ), (EXPE), (CHKP), (HGG)

Argus, the brokerage firm, has recently changed the rating on Cracker Barrel (CBRL). They lowered the rating from Buy to Hold. 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 CBRL fell by 2.57% or $-1.19/share to $45.06. In the past year, the shares have traded as low as $43.65 and as high as $57.79. On average, 347802 shares of CBRL exchange hands on a given day and today's volume is recorded at 554442.

Verizon (VZ) is currently being analyzed by the brokerage firm Hudson Square Research. They have just decreased their rating from Hold to Sell. 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 $29 per share by the brokerage firm. Shares of VZ fell by 0.07% or $-0.025/share to $36.245. In the past year, the shares have traded as low as $25.99 and as high as $38.95. On average, 14563100 shares of VZ exchange hands on a given day and today's volume is recorded at 8202426.

Expedia (EXPE) recently had their rating decreased from Buy to Hold. Standpoint Research 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 EXPE traded higher by 0.47% or $0.13/share to $27.93. In the past year, the shares have traded as low as $18.30 and as high as $29.85. On average, 7310980 shares of EXPE exchange hands on a given day and today's volume is recorded at 2170896.

Check Point Software (CHKP) recently had their rating decreased from Buy to Neutral. Davenport 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 CHKP traded higher by 0.14% or $0.08/share to $55.76. In the past year, the shares have traded as low as $28.82 and as high as $56.34. On average, 1511630 shares of CHKP exchange hands on a given day and today's volume is recorded at 1067956.

HHGregg (HGG) recently had their rating increased from Above Average to Buy. Caris & Company 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 $20 per share by the brokerage firm. Shares of HGG fell by 3.49% or $-0.52/share to $14.38. In the past year, the shares have traded as low as $11.89 and as high as $30.54. On average, 619322 shares of HGG exchange hands on a given day and today's volume is recorded at 595111.