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Friday, August 5, 2011

Investment Firm Upgrades and Downgrades: (SYK), (WMS), (PNNT), (PXP), (NOA)

Stryker (SYK) recently had their rating increased from Hold to Buy. Standpoint Research 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 $60 per share by the brokerage firm. Shares of SYK traded higher by 1.65% or $0.82/share to $50.47. In the past year, the shares have traded as low as $42.74 and as high as $65.21. On average, 2174550 shares of SYK exchange hands on a given day and today's volume is recorded at 2265796.

WMS Industries (WMS) recently had their rating changed from Buy to Hold. KeyBanc Capital Mkts 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 WMS fell by 3.6% or $-0.99/share to $26.51. In the past year, the shares have traded as low as $27.01 and as high as $49.11. On average, 984259 shares of WMS exchange hands on a given day and today's volume is recorded at 820017.

Pennant Investment (PNNT) 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 $12 per share by the brokerage firm. Shares of PNNT fell by 3.76% or $-0.4/share to $10.25. In the past year, the shares have traded as low as $9.61 and as high as $13.19. On average, 385384 shares of PNNT exchange hands on a given day and today's volume is recorded at 456198.

Global Hunter Securities, the brokerage firm, has recently increased the rating on Plains Exploration (PXP). They upped the rating from Accumulate 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 $54 per share by the brokerage firm. Shares of PXP fell by 4.9% or $-1.93/share to $37.45. In the past year, the shares have traded as low as $21.81 and as high as $41.96. On average, 2027370 shares of PXP exchange hands on a given day and today's volume is recorded at 1998439.

North American Energy (NOA) recently had their rating changed from Underperform to Market Perform. BMO Capital Markets 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 NOA traded higher by 12.4% or $0.64/share to $5.80. In the past year, the shares have traded as low as $5.15 and as high as $14.23. On average, 465634 shares of NOA exchange hands on a given day and today's volume is recorded at 353809.