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Wednesday, August 24, 2011

Stock Market Up and Down-Grades: (PSUN), (NEM), (TSO), (ATRC), (BHE)

Pacific Sunwear (PSUN) recently had their rating decreased from Outperform to Perform. Oppenheimer 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 PSUN fell by 29.49% or $-0.64/share to $1.53. In the past year, the shares have traded as low as $1.86 and as high as $6.84. On average, 1126940 shares of PSUN exchange hands on a given day and today's volume is recorded at 8157199.

Newmont Mining (NEM) is currently being analyzed by the brokerage firm RBC Capital Mkts. They have just changed their rating from Underperform to Sector Perform. 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 $87 per share by the brokerage firm. Shares of NEM fell by 3.43% or $-2.1/share to $59.15. In the past year, the shares have traded as low as $50.05 and as high as $65.50. On average, 7097630 shares of NEM exchange hands on a given day and today's volume is recorded at 8241372.

The Benchmark Company, the brokerage firm, has recently increased the rating on Tesoro (TSO). They upped the rating from Sell 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 $25 per share by the brokerage firm. Shares of TSO traded higher by 3.03% or $0.61/share to $20.72. In the past year, the shares have traded as low as $10.77 and as high as $28.74. On average, 4783840 shares of TSO exchange hands on a given day and today's volume is recorded at 3020216.

Morgan Keegan, the brokerage firm, has recently changed the rating on AtriCure (ATRC). They upped the rating from Mkt 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 $13 per share by the brokerage firm. Shares of ATRC traded higher by 1.11% or $0.12/share to $10.94. In the past year, the shares have traded as low as $7.20 and as high as $14.84. On average, 97475 shares of ATRC exchange hands on a given day and today's volume is recorded at 20395.

Benchmark Elec (BHE) recently had their rating changed from Outperform to Sector Perform. RBC 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. The target price is currently set at $13 per share by the brokerage firm. Shares of BHE fell by 5.73% or $-0.765/share to $12.58. In the past year, the shares have traded as low as $12.28 and as high as $20.24. On average, 377109 shares of BHE exchange hands on a given day and today's volume is recorded at 429782.