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Wednesday, August 17, 2011

Analyst Upgrades and Downgrades: (MSG), (KID), (ECA), (VVTV), (CHDN)

Madison Square Garden (MSG) recently had their rating changed 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 MSG fell by 4.62% or $-1.13/share to $23.34. In the past year, the shares have traded as low as $19.07 and as high as $30.21. On average, 311780 shares of MSG exchange hands on a given day and today's volume is recorded at 352278.

Kid Brands (KID) is currently being analyzed by the brokerage firm Needham. They have just changed their rating from Strong Buy to Buy. 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 $9 per share by the brokerage firm. Shares of KID fell by 2.74% or $-0.1/share to $3.55. In the past year, the shares have traded as low as $3.53 and as high as $10.31. On average, 153269 shares of KID exchange hands on a given day and today's volume is recorded at 52753.

Ticonderoga, the brokerage firm, has recently increased the rating on EnCana (ECA). They upped the rating from Sell to Neutral. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. Shares of ECA traded higher by 0.51% or $0.13/share to $25.55. In the past year, the shares have traded as low as $23.09 and as high as $35.22. On average, 4277900 shares of ECA exchange hands on a given day and today's volume is recorded at 1779054.

Feltl & Co., the brokerage firm, has recently decreased the rating on Value Vision Media (VVTV). They lowered the rating from Strong Buy to Buy. 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 $5 per share by the brokerage firm. Shares of VVTV fell by 0.41% or $-0.015/share to $3.68. In the past year, the shares have traded as low as $1.60 and as high as $8.73. On average, 658583 shares of VVTV exchange hands on a given day and today's volume is recorded at 592119.

Churchill Downs (CHDN) is currently being analyzed by the brokerage firm Hilliard Lyons. They have just changed their rating from Neutral to Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $52 per share by the brokerage firm. Shares of CHDN fell by 0.42% or $-0.18/share to $42.32. In the past year, the shares have traded as low as $33.84 and as high as $46.95. On average, 48342 shares of CHDN exchange hands on a given day and today's volume is recorded at 42811.