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Wednesday, June 29, 2011

Upgrades and Downgrades of the Day: (PRWT), (KFT ), (AUDC), (GIB), (SHAW)

DA Davidson, the brokerage firm, has recently increased the rating on PremierWest Bancorp (PRWT). They upped the rating from Underperform to Neutral. 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 $1 per share by the brokerage firm. Shares of PRWT traded higher by 5.34% or $0.07/share to $1.38. In the past year, the shares have traded as low as $1.67 and as high as $6.70. On average, 39897 shares of PRWT exchange hands on a given day and today's volume is recorded at 30912.

Kraft Foods (KFT ) recently had their rating changed from Hold to Buy. Argus 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 $40 per share by the brokerage firm.

Audiocodes (AUDC) recently had their rating changed from Perform to Outperform. Oppenheimer 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 $6 per share by the brokerage firm. Shares of AUDC traded higher by 8.98% or $0.43/share to $5.22. In the past year, the shares have traded as low as $2.31 and as high as $8.07. On average, 121752 shares of AUDC exchange hands on a given day and today's volume is recorded at 209707.

CGI Group (GIB) recently had their rating increased from Sector Perform to Outperform. RBC Capital Mkts 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 GIB traded higher by 3.41% or $0.78/share to $23.64. In the past year, the shares have traded as low as $13.51 and as high as $22.46. On average, 228812 shares of GIB exchange hands on a given day and today's volume is recorded at 360925.

Stifel Nicolaus, the brokerage firm, has recently changed the rating on Shaw Group (SHAW). 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 SHAW fell by 8.82% or $-2.85/share to $29.46. In the past year, the shares have traded as low as $27.61 and as high as $41.62. On average, 1312940 shares of SHAW exchange hands on a given day and today's volume is recorded at 5895202.