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Wednesday, August 3, 2011

Upgrades and Downgrades for Today: (PNW), (RRD), (TXN), (LEAP), (PFCB)

Pinnacle West (PNW) recently had their rating increased 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 $46 per share by the brokerage firm. Shares of PNW fell by 1.3% or $-0.54/share to $40.87. In the past year, the shares have traded as low as $38.32 and as high as $45.64. On average, 767642 shares of PNW exchange hands on a given day and today's volume is recorded at 673902.

Robert W. Baird, the brokerage firm, has recently decreased the rating on RR Donnelley & Sons (RRD). They lowered the rating from Outperform 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 $16 per share by the brokerage firm. Shares of RRD fell by 2.16% or $-0.4/share to $18.15. In the past year, the shares have traded as low as $14.87 and as high as $21.34. On average, 2549220 shares of RRD exchange hands on a given day and today's volume is recorded at 4239445.

Sterne Agee, the brokerage firm, has recently decreased the rating on Texas Instruments (TXN). 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. Shares of TXN traded higher by 0.27% or $0.08/share to $29.18. In the past year, the shares have traded as low as $22.95 and as high as $36.71. On average, 9767700 shares of TXN exchange hands on a given day and today's volume is recorded at 10308358.

Leap Wireless (LEAP) is currently being analyzed by the brokerage firm Robert W. Baird. They have just decreased their rating from Outperform to Neutral. 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 $11 per share by the brokerage firm. Shares of LEAP fell by 2.82% or $-0.29/share to $9.98. In the past year, the shares have traded as low as $9.51 and as high as $17.66. On average, 1863640 shares of LEAP exchange hands on a given day and today's volume is recorded at 3616723.

PF Chang's (PFCB) is currently being analyzed by the brokerage firm Argus. They have just changed their rating from Buy to Sell. 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 PFCB fell by 2.7% or $-0.88/share to $31.66. In the past year, the shares have traded as low as $32.08 and as high as $53.39. On average, 599591 shares of PFCB exchange hands on a given day and today's volume is recorded at 549470.