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Wednesday, August 17, 2011

Stock Upgrades and Downgrades: (ODP), (HAIN)

Office Depot (ODP) recently had their rating changed from Sell to Neutral. UBS 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 $3 per share by the brokerage firm. Shares of ODP fell by 2.75% or $-0.074/share to $2.62. In the past year, the shares have traded as low as $2.54 and as high as $6.25. On average, 9911440 shares of ODP exchange hands on a given day and today's volume is recorded at 5137192.

Hain Celestial (HAIN) recently had their rating changed from Sector Perform to Outperform. 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 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 $37 per share by the brokerage firm. Shares of HAIN traded higher by 2.77% or $0.83/share to $30.82. In the past year, the shares have traded as low as $19.83 and as high as $37.24. On average, 359382 shares of HAIN exchange hands on a given day and today's volume is recorded at 270912.