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Tuesday, July 12, 2011

Brokerage House Upgrades and Downgrades: (MXIM), (PSMT), (MCHP), (PLD), (WM)

Maxim Integrated (MXIM) recently had their rating changed from Buy to Neutral. UBS 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 $27 per share by the brokerage firm. Shares of MXIM fell by 6.85% or $-1.74/share to $23.68. In the past year, the shares have traded as low as $15.67 and as high as $28.44. On average, 2254000 shares of MXIM exchange hands on a given day and today's volume is recorded at 5470138.

PriceSmart (PSMT) recently had their rating changed from Outperform to Perform. Oppenheimer 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 PSMT traded higher by 2.24% or $1.29/share to $58.98. In the past year, the shares have traded as low as $22.59 and as high as $47.80. On average, 196590 shares of PSMT exchange hands on a given day and today's volume is recorded at 333144.

UBS, the brokerage firm, has recently changed the rating on Microchip (MCHP). They lowered the rating from Buy 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 $37 per share by the brokerage firm. Shares of MCHP fell by 12.51% or $-4.69/share to $32.79. In the past year, the shares have traded as low as $26.22 and as high as $41.50. On average, 2077330 shares of MCHP exchange hands on a given day and today's volume is recorded at 13141094.

ProLogis (PLD) is currently being analyzed by the brokerage firm FBR Capital. They have just decreased their rating from Outperform to Mkt Perform. 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 $37 per share by the brokerage firm. Shares of PLD traded higher by 0.38% or $0.135/share to $35.86. In the past year, the shares have traded as low as $22.05 and as high as $37.46. On average, 4127010 shares of PLD exchange hands on a given day and today's volume is recorded at 2895839.

Waste Mgmt (WM) recently had their rating changed from Neutral to Underperform. Wedbush 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 $34 per share by the brokerage firm. Shares of WM fell by 1.17% or $-0.435/share to $36.72. In the past year, the shares have traded as low as $31.98 and as high as $39.69. On average, 2794580 shares of WM exchange hands on a given day and today's volume is recorded at 2944307.