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Thursday, July 14, 2011

Stock Upgrades and Downgrades: (QLIK), (SORL), (ELX), (NTRI), (VR)

Qlik Tech (QLIK) recently had their rating changed from Market Perform to Outperform. BMO Capital Markets 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. Shares of QLIK fell by 0.3% or $-0.1/share to $33.58. In the past year, the shares have traded as low as $14.00 and as high as $33.06. On average, 1357460 shares of QLIK exchange hands on a given day and today's volume is recorded at 621242.

Oppenheimer, the brokerage firm, has recently changed the rating on SORL Auto Parts (SORL). They lowered the rating from Outperform to Perform. 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 SORL fell by 4.34% or $-0.22/share to $4.85. In the past year, the shares have traded as low as $4.63 and as high as $10.22. On average, 161563 shares of SORL exchange hands on a given day and today's volume is recorded at 474980.

Morgan Keegan, the brokerage firm, has recently increased the rating on Emulex (ELX). They upped the rating from Mkt Perform to Outperform. 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 $11 per share by the brokerage firm. Shares of ELX traded higher by 1.49% or $0.13/share to $8.86. In the past year, the shares have traded as low as $8.27 and as high as $12.97. On average, 1085820 shares of ELX exchange hands on a given day and today's volume is recorded at 1363563.

Nutrisystem (NTRI) recently had their rating changed from Neutral to Outperform. Wedbush 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 $19 per share by the brokerage firm. Shares of NTRI traded higher by 3.91% or $0.56/share to $14.89. In the past year, the shares have traded as low as $13.05 and as high as $24.90. On average, 382352 shares of NTRI exchange hands on a given day and today's volume is recorded at 558443.

Validus Holdings (VR) recently had their rating decreased from Buy to Hold. Stifel Nicolaus 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 VR fell by 0.57% or $-0.16/share to $27.86. In the past year, the shares have traded as low as $24.41 and as high as $34.95. On average, 1022430 shares of VR exchange hands on a given day and today's volume is recorded at 1148241.