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Wednesday, August 24, 2011

Investment Firm Upgrades and Downgrades: (ANV), (INN), (RCL), (ABT)

RBC Capital Mkts, the brokerage firm, has recently increased the rating on Allied Nevada (ANV). They upped the rating from Sector Perform 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 $67 per share by the brokerage firm. Shares of ANV fell by 5.38% or $-2.22/share to $39.01. In the past year, the shares have traded as low as $20.69 and as high as $43.49. On average, 1140030 shares of ANV exchange hands on a given day and today's volume is recorded at 670013.

Summit Hotel (INN) is currently being analyzed by the brokerage firm KeyBanc Capital Mkts. 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 $9 per share by the brokerage firm. Shares of INN traded higher by 8.96% or $0.6/share to $7.30. In the past year, the shares have traded as low as $6.68 and as high as $11.63. On average, 161659 shares of INN exchange hands on a given day and today's volume is recorded at 241368.

Royal Caribbean (RCL) recently had their rating changed from Buy to Hold. Argus 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 RCL fell by 0.17% or $-0.04/share to $23.22. In the past year, the shares have traded as low as $22.27 and as high as $49.99. On average, 3380710 shares of RCL exchange hands on a given day and today's volume is recorded at 1373853.

Abbott Labs (ABT) recently had their rating changed from Outperform to Mkt Perform. Morgan Keegan 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 $57 per share by the brokerage firm. Shares of ABT traded higher by 0.06% or $0.03/share to $50.54. In the past year, the shares have traded as low as $45.07 and as high as $54.24. On average, 7847770 shares of ABT exchange hands on a given day and today's volume is recorded at 3485436.