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Monday, August 22, 2011

Brokerage House Upgrades and Downgrades: (WBS), (PBCT), (FULT), (HIBB), (YZC)

Webster Financial (WBS) 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 $21 per share by the brokerage firm. Shares of WBS traded higher by 0.49% or $0.075/share to $15.40. In the past year, the shares have traded as low as $15.32 and as high as $23.73. On average, 633009 shares of WBS exchange hands on a given day and today's volume is recorded at 362313.

Stifel Nicolaus, the brokerage firm, has recently increased the rating on People's United Financial (PBCT). They upped the rating from Hold 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 $14 per share by the brokerage firm. Shares of PBCT traded higher by 0.85% or $0.09/share to $10.65. In the past year, the shares have traded as low as $10.54 and as high as $14.49. On average, 5758330 shares of PBCT exchange hands on a given day and today's volume is recorded at 3759527.

Fulton Fincl (FULT) is currently being analyzed by the brokerage firm Stifel Nicolaus. They have just changed their rating from Hold 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 $11 per share by the brokerage firm. Shares of FULT traded higher by 2.06% or $0.16/share to $7.94. In the past year, the shares have traded as low as $7.77 and as high as $11.91. On average, 1101130 shares of FULT exchange hands on a given day and today's volume is recorded at 943880.

Needham, the brokerage firm, has recently increased the rating on Hibbett Sporting (HIBB). They upped the rating from Buy to Strong 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 $47 per share by the brokerage firm. Shares of HIBB traded higher by 3.22% or $1.08/share to $34.61. In the past year, the shares have traded as low as $22.09 and as high as $43.00. On average, 418149 shares of HIBB exchange hands on a given day and today's volume is recorded at 496752.

Yanzhou Coal Mining (YZC) recently had their rating changed from Overweight to Neutral. HSBC Securities 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 YZC fell by 6.44% or $-1.85/share to $26.87. In the past year, the shares have traded as low as $20.31 and as high as $41.89. On average, 265154 shares of YZC exchange hands on a given day and today's volume is recorded at 467020.