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Friday, September 23, 2011

Analyst Upgrades and Downgrades: (RENN), (BAS), (KEG), (PEP), (OTEX)

Maxim Group, the brokerage firm, has recently changed the rating on Renren (RENN). They upped the rating from Sell to Hold. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. Shares of RENN traded higher by 4.98% or $0.2501/share to $5.27. In the past year, the shares have traded as low as $4.96 and as high as $24.00. On average, 5309160 shares of RENN exchange hands on a given day and today's volume is recorded at 1782055.

Basic Energy Services (BAS) recently had their rating changed from Buy to Accumulate. Global Hunter Securities 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. The target price is currently set at $30 per share by the brokerage firm. Shares of BAS fell by 3.43% or $-0.48/share to $13.51. In the past year, the shares have traded as low as $7.99 and as high as $37.79. On average, 1293290 shares of BAS exchange hands on a given day and today's volume is recorded at 955366.

Key Energy (KEG) recently had their rating decreased from Buy to Accumulate. Global Hunter Securities 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. The target price is currently set at $14 per share by the brokerage firm. Shares of KEG fell by 5.27% or $-0.5/share to $8.99. In the past year, the shares have traded as low as $8.75 and as high as $20.77. On average, 2822860 shares of KEG exchange hands on a given day and today's volume is recorded at 2515888.

PepsiCo (PEP) recently had their rating changed 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 PEP fell by 1.05% or $-0.64/share to $60.28. In the past year, the shares have traded as low as $59.25 and as high as $71.89. On average, 10578700 shares of PEP exchange hands on a given day and today's volume is recorded at 7340278.

Open Text (OTEX) is currently being analyzed by the brokerage firm The Benchmark Company. They have just changed their rating from Sell to Hold. 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. Shares of OTEX traded higher by 1.1% or $0.56/share to $51.44. In the past year, the shares have traded as low as $41.83 and as high as $72.32. On average, 453651 shares of OTEX exchange hands on a given day and today's volume is recorded at 264337.