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Wednesday, August 24, 2011

Upgrades and Downgrades Daily Report: (GOLD), (SANM), (BSX), (IPHI), (NDAQ)

RBC Capital Mkts, the brokerage firm, has recently changed the rating on Randgold Resources (GOLD). They lowered the rating from Outperform to Sector Perform. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. Shares of GOLD fell by 2.68% or $-2.86/share to $104.00. In the past year, the shares have traded as low as $70.18 and as high as $114.50. On average, 826528 shares of GOLD exchange hands on a given day and today's volume is recorded at 1053394.

Sanmina-SCI (SANM) is currently being analyzed by the brokerage firm RBC Capital Mkts. They have just decreased their rating from Sector Perform to Underperform. 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. The target price is currently set at $5 per share by the brokerage firm. Shares of SANM fell by 7.5% or $-0.57/share to $7.03. In the past year, the shares have traded as low as $7.02 and as high as $17.32. On average, 964443 shares of SANM exchange hands on a given day and today's volume is recorded at 1285603.

Morgan Keegan, the brokerage firm, has recently changed the rating on Boston Scientific (BSX). They lowered the rating from Outperform to Mkt Perform. 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 $7 per share by the brokerage firm. Shares of BSX fell by 1.58% or $-0.1/share to $6.24. In the past year, the shares have traded as low as $5.04 and as high as $7.96. On average, 19897600 shares of BSX exchange hands on a given day and today's volume is recorded at 7513279.

Inphi (IPHI) recently had their rating decreased from Buy to Hold. Stifel Nicolaus 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 IPHI fell by 29.9% or $-3.14/share to $7.36. In the past year, the shares have traded as low as $8.37 and as high as $27.20. On average, 394538 shares of IPHI exchange hands on a given day and today's volume is recorded at 2217691.

UBS, the brokerage firm, has recently changed the rating on NASDAQ (NDAQ). They upped the rating from Neutral 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 $28 per share by the brokerage firm. Shares of NDAQ traded higher by 1.03% or $0.23/share to $22.59. In the past year, the shares have traded as low as $17.81 and as high as $29.71. On average, 2291160 shares of NDAQ exchange hands on a given day and today's volume is recorded at 1073990.