Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, August 19, 2011

Upgrades and Downgrades Daily Report: (CREE), (SIX), (SBX), (DELL), (HPQ)

Cree (CREE) is currently being analyzed by the brokerage firm JMP Securities. They have just changed their rating from Mkt Outperform to Mkt Perform. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. Shares of CREE fell by 1.25% or $-0.39/share to $30.86. In the past year, the shares have traded as low as $26.60 and as high as $72.85. On average, 4151680 shares of CREE exchange hands on a given day and today's volume is recorded at 2937747.

Six Flags (SIX) is currently being analyzed by the brokerage firm Miller Tabak. They have just increased 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 $42 per share by the brokerage firm. Shares of SIX traded higher by 2.59% or $0.8/share to $31.69. In the past year, the shares have traded as low as $17.55 and as high as $40.25. On average, 552647 shares of SIX exchange hands on a given day and today's volume is recorded at 316251.

Seabright Insurance Holdings (SBX) recently had their rating increased from Mkt Underperform to Mkt Perform. JMP Securities 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 SBX traded higher by 1.08% or $0.06/share to $5.64. In the past year, the shares have traded as low as $5.14 and as high as $11.11. On average, 92627 shares of SBX exchange hands on a given day and today's volume is recorded at 101716.

Dell (DELL) recently had their rating changed from Hold to Buy. Needham 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 $17 per share by the brokerage firm. Shares of DELL traded higher by 2.61% or $0.359/share to $14.12. In the past year, the shares have traded as low as $11.34 and as high as $17.60. On average, 27465600 shares of DELL exchange hands on a given day and today's volume is recorded at 34099376.

Hewlett-Packard (HPQ) recently had their rating changed from Buy to Underperform. Needham 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 HPQ fell by 20.38% or $-6.0151/share to $23.49. In the past year, the shares have traded as low as $28.64 and as high as $49.39. On average, 21839200 shares of HPQ exchange hands on a given day and today's volume is recorded at 99111024.