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Friday, June 3, 2011

Upgrades and Downgrades of the Day: (CHBT), (CECO), (EJ), (CNQR), (THRX)

China-Biotics (CHBT) is currently being analyzed by the brokerage firm Maxim Group. 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 $6 per share by the brokerage firm. Shares of CHBT fell by 7.18% or $-0.46/share to $5.95. In the past year, the shares have traded as low as $6.40 and as high as $17.90. On average, 649043 shares of CHBT exchange hands on a given day and today's volume is recorded at 453796.

Career Education (CECO) is currently being analyzed by the brokerage firm FBR Capital. They have just increased their rating from Underperform to Mkt Perform. 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. The target price is currently set at $23 per share by the brokerage firm. Shares of CECO traded higher by 2.16% or $0.52/share to $24.62. In the past year, the shares have traded as low as $16.36 and as high as $28.57. On average, 712980 shares of CECO exchange hands on a given day and today's volume is recorded at 1495205.

E-House China (EJ) recently had their rating changed from Hold to Sell. Maxim Group 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 $8 per share by the brokerage firm. Shares of EJ fell by 6.48% or $-0.63/share to $9.09. In the past year, the shares have traded as low as $9.50 and as high as $20.14. On average, 386766 shares of EJ exchange hands on a given day and today's volume is recorded at 230154.

Concur Tech (CNQR) is currently being analyzed by the brokerage firm Needham. They have just increased their rating from Hold to Buy. 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 CNQR fell by 2.15% or $-1.05/share to $47.7. In the past year, the shares have traded as low as $39.94 and as high as $58.19. On average, 496831 shares of CNQR exchange hands on a given day and today's volume is recorded at 163043.

Robert W. Baird, the brokerage firm, has recently decreased the rating on Theravance (THRX). They lowered the rating from Outperform 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. The target price is currently set at $23 per share by the brokerage firm. Shares of THRX fell by 2.0% or $-0.47/share to $23.04. In the past year, the shares have traded as low as $11.74 and as high as $28.95. On average, 395708 shares of THRX exchange hands on a given day and today's volume is recorded at 480730.