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Monday, August 8, 2011

Brokerage House Upgrades and Downgrades: (SBUX), (CSX), (CAKE), (CPT), (WFC)

Robert W. Baird, the brokerage firm, has recently changed the rating on Starbucks (SBUX). 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 $45 per share by the brokerage firm. Shares of SBUX fell by 3.63% or $-1.33/share to $35.26. In the past year, the shares have traded as low as $22.50 and as high as $41.11. On average, 6734770 shares of SBUX exchange hands on a given day and today's volume is recorded at 9275847.

CSX (CSX) recently had their rating changed from Outperform to Neutral. Robert W. Baird 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 $28 per share by the brokerage firm. Shares of CSX fell by 4.32% or $-0.95/share to $21.02. In the past year, the shares have traded as low as $15.50 and as high as $27.06. On average, 9538570 shares of CSX exchange hands on a given day and today's volume is recorded at 16547871.

Cheesecake Factory (CAKE) is currently being analyzed by the brokerage firm Robert W. Baird. They have just changed their rating from Outperform to Neutral. 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 $30 per share by the brokerage firm. Shares of CAKE fell by 4.0% or $-1.08/share to $25.89. In the past year, the shares have traded as low as $21.56 and as high as $34.07. On average, 1192670 shares of CAKE exchange hands on a given day and today's volume is recorded at 1699184.

Camden Property (CPT) is currently being analyzed by the brokerage firm Robert W. Baird. They have just increased their rating from Neutral to Outperform. 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 $68 per share by the brokerage firm. Shares of CPT fell by 4.15% or $-2.5/share to $57.68. In the past year, the shares have traded as low as $42.74 and as high as $69.48. On average, 651384 shares of CPT exchange hands on a given day and today's volume is recorded at 529583.

Sterne Agee, the brokerage firm, has recently increased the rating on Wells Fargo (WFC). They upped the rating from Neutral to Buy. 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 $33 per share by the brokerage firm. Shares of WFC fell by 4.76% or $-1.2/share to $24.01. In the past year, the shares have traded as low as $23.02 and as high as $34.25. On average, 35299500 shares of WFC exchange hands on a given day and today's volume is recorded at 54246272.