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Friday, August 5, 2011

Upgrades and Downgrades Daily Report: (CTL), (HUBG), (SKT), (SBH), (DLB)

CenturyLink (CTL) recently had their rating changed from Underperform to Neutral. DA Davidson 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 $36 per share by the brokerage firm. Shares of CTL traded higher by 2.17% or $0.72/share to $33.97. In the past year, the shares have traded as low as $33.24 and as high as $46.87. On average, 5605390 shares of CTL exchange hands on a given day and today's volume is recorded at 9934222.

Hub Group (HUBG) recently had their rating changed 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 $40 per share by the brokerage firm. Shares of HUBG traded higher by 2.8% or $0.92/share to $33.77. In the past year, the shares have traded as low as $25.47 and as high as $40.86. On average, 221889 shares of HUBG exchange hands on a given day and today's volume is recorded at 285952.

Hilliard Lyons, the brokerage firm, has recently increased the rating on Tanger Factory (SKT). They upped the rating from Neutral to Long-term 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 $29 per share by the brokerage firm. Shares of SKT fell by 1.96% or $-0.49/share to $24.53. In the past year, the shares have traded as low as $21.36 and as high as $28.99. On average, 825369 shares of SKT exchange hands on a given day and today's volume is recorded at 1155829.

Sally Beauty (SBH) is currently being analyzed by the brokerage firm Caris & Company. They have just increased their rating from Above Average 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 $21 per share by the brokerage firm. Shares of SBH traded higher by 6.38% or $0.99/share to $16.51. In the past year, the shares have traded as low as $8.37 and as high as $18.62. On average, 1076240 shares of SBH exchange hands on a given day and today's volume is recorded at 1633468.

Collins Stewart, the brokerage firm, has recently decreased the rating on Dolby Labs (DLB). They lowered the rating from Buy to Neutral. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. The target price is currently set at $45 per share by the brokerage firm. Shares of DLB fell by 18.45% or $-6.95/share to $30.72. In the past year, the shares have traded as low as $37.64 and as high as $69.69. On average, 733894 shares of DLB exchange hands on a given day and today's volume is recorded at 4948657.