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Wednesday, June 1, 2011

Upgrades and Downgrades of the Day: (CNQR), (VZ), (NOK), (CHBT), (EXPE)

Needham, the brokerage firm, has recently increased the rating on Concur Tech (CNQR). They upped the rating from Hold to Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. Shares of CNQR fell by 1.16% or $-0.58/share to $49.39. In the past year, the shares have traded as low as $39.94 and as high as $58.19. On average, 502848 shares of CNQR exchange hands on a given day and today's volume is recorded at 242458.

Verizon (VZ) recently had their rating changed from Hold to Sell. Hudson Square 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. The target price is currently set at $29 per share by the brokerage firm. Shares of VZ fell by 1.62% or $-0.6/share to $36.33. In the past year, the shares have traded as low as $25.99 and as high as $38.95. On average, 14563700 shares of VZ exchange hands on a given day and today's volume is recorded at 7790461.

Canaccord Genuity, the brokerage firm, has recently changed the rating on Nokia (NOK). 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. The target price is currently set at $8 per share by the brokerage firm. Shares of NOK fell by 4.57% or $-0.3205/share to $6.6995. In the past year, the shares have traded as low as $6.79 and as high as $11.75. On average, 24647200 shares of NOK exchange hands on a given day and today's volume is recorded at 198667856.

Maxim Group, the brokerage firm, has recently decreased the rating on China-Biotics (CHBT). They lowered the rating from Hold to Sell. 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 $6 per share by the brokerage firm. Shares of CHBT fell by 5.96% or $-0.45/share to $7.1. In the past year, the shares have traded as low as $7.22 and as high as $17.90. On average, 629258 shares of CHBT exchange hands on a given day and today's volume is recorded at 917258.

Expedia (EXPE) is currently being analyzed by the brokerage firm Standpoint Research. 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 EXPE fell by 1.65% or $-0.4613/share to $27.5487. In the past year, the shares have traded as low as $18.30 and as high as $29.85. On average, 7275940 shares of EXPE exchange hands on a given day and today's volume is recorded at 1957436.