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Friday, July 8, 2011

Upgrades and Downgrades of the Day: (MDAS), (XEC), (CLR), (EXP), (BMO)

Robert W. Baird, the brokerage firm, has recently changed the rating on MedAssets (MDAS). They upped the rating from Neutral 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 $18 per share by the brokerage firm. Shares of MDAS traded higher by 4.98% or $0.665/share to $14.02. In the past year, the shares have traded as low as $13.88 and as high as $25.08. On average, 591854 shares of MDAS exchange hands on a given day and today's volume is recorded at 727564.

Cimarex (XEC) recently had their rating changed from Hold to Buy. Stifel Nicolaus 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 $105 per share by the brokerage firm. Shares of XEC fell by 0.03% or $-0.03/share to $88.54. In the past year, the shares have traded as low as $62.88 and as high as $117.95. On average, 1081970 shares of XEC exchange hands on a given day and today's volume is recorded at 822526.

Continental Resources (CLR) recently had their rating increased from Hold to Buy. Stifel Nicolaus 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 $76 per share by the brokerage firm. Shares of CLR fell by 0.57% or $-0.39/share to $67.85. In the past year, the shares have traded as low as $38.23 and as high as $73.48. On average, 1119790 shares of CLR exchange hands on a given day and today's volume is recorded at 307065.

Longbow, the brokerage firm, has recently changed the rating on Eagle Materials (EXP). 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. Shares of EXP fell by 6.12% or $-1.7501/share to $26.84. In the past year, the shares have traded as low as $21.16 and as high as $33.22. On average, 302032 shares of EXP exchange hands on a given day and today's volume is recorded at 391241.

BMO Capital Markets, the brokerage firm, has recently increased the rating on Bank of Montreal (BMO). They upped the rating from Market 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 $69 per share by the brokerage firm. Shares of BMO fell by 0.3% or $-0.19/share to $63.85. In the past year, the shares have traded as low as $51.11 and as high as $66.64. On average, 868925 shares of BMO exchange hands on a given day and today's volume is recorded at 670551.