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Wednesday, June 8, 2011

Upgrades and Downgrades of the Day: (ENP), (KNXA), (HIL), (SQNS), (UPL)

Encore Energy (ENP) recently had their rating increased from Neutral to Outperform. Robert W. Baird 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 $25 per share by the brokerage firm. Shares of ENP fell by 0.47% or $-0.098/share to $20.572. In the past year, the shares have traded as low as $15.76 and as high as $25.48. On average, 175252 shares of ENP exchange hands on a given day and today's volume is recorded at 78956.

Kenexa (KNXA) recently had their rating decreased from Buy to Neutral. Longbow 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 KNXA fell by 3.91% or $-1.08/share to $26.55. In the past year, the shares have traded as low as $10.75 and as high as $33.19. On average, 217795 shares of KNXA exchange hands on a given day and today's volume is recorded at 181717.

Hill International (HIL) is currently being analyzed by the brokerage firm Morgan Joseph. They have just decreased 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 HIL fell by 0.18% or $-0.01/share to $5.7. In the past year, the shares have traded as low as $0.00 and as high as $7.38. On average, 218417 shares of HIL exchange hands on a given day and today's volume is recorded at 210583.

Sequans Communications (SQNS) recently had their rating changed 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 0.71% or $-0.1/share to $13.92. In the past year, the shares have traded as low as $7.95 and as high as $15.55. On average, 1246750 shares of SQNS exchange hands on a given day and today's volume is recorded at 502741.

CapitalOne southcoast, the brokerage firm, has recently changed the rating on Ultra Petroleum (UPL). They upped the rating from Neutral to Add. 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 $56 per share by the brokerage firm. Shares of UPL traded higher by 1.27% or $0.6/share to $47.81. In the past year, the shares have traded as low as $37.10 and as high as $53.85. On average, 1920120 shares of UPL exchange hands on a given day and today's volume is recorded at 993869.