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Thursday, August 11, 2011

Brokerage House Upgrades and Downgrades: (JKHY), (ROST), (MXIM), (CNIT), (CNK)

Jack Henry (JKHY) recently had their rating increased from Mkt Perform to Mkt Outperform. Avondale 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 $34 per share by the brokerage firm. Shares of JKHY traded higher by 7.38% or $1.83/share to $26.61. In the past year, the shares have traded as low as $23.34 and as high as $34.17. On average, 521168 shares of JKHY exchange hands on a given day and today's volume is recorded at 683518.

Ross Stores (ROST) recently had their rating increased from Neutral to Buy. Ticonderoga 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 $85 per share by the brokerage firm. Shares of ROST traded higher by 3.04% or $2.08/share to $70.57. In the past year, the shares have traded as low as $48.75 and as high as $83.11. On average, 1344360 shares of ROST exchange hands on a given day and today's volume is recorded at 914601.

Maxim Integrated (MXIM) is currently being analyzed by the brokerage firm Longbow. They have just changed their rating from Buy 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. Shares of MXIM traded higher by 4.69% or $1.02/share to $22.75. In the past year, the shares have traded as low as $15.67 and as high as $28.44. On average, 2801470 shares of MXIM exchange hands on a given day and today's volume is recorded at 3483900.

Rodman & Renshaw, the brokerage firm, has recently decreased the rating on China Information Tech (CNIT). They lowered the rating from Mkt Outperform to Mkt 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 CNIT fell by 0.95% or $-0.02/share to $2.08. In the past year, the shares have traded as low as $1.40 and as high as $6.78. On average, 539508 shares of CNIT exchange hands on a given day and today's volume is recorded at 103896.

Cinemark (CNK) recently had their rating increased from Average to Above Average. Caris & Company 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. Shares of CNK traded higher by 4.33% or $0.8/share to $19.27. In the past year, the shares have traded as low as $14.25 and as high as $22.09. On average, 1241970 shares of CNK exchange hands on a given day and today's volume is recorded at 614491.