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Tuesday, September 6, 2011

Brokerage House Upgrades and Downgrades: (CIG), (KLAC)

Comp Energ Cemig ADS (CIG) recently had their rating increased from Hold to Buy. Standpoint Research 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 $21 per share by the brokerage firm. Shares of CIG fell by 1.79% or $-0.325/share to $17.84. In the past year, the shares have traded as low as $15.52 and as high as $21.09. On average, 2263780 shares of CIG exchange hands on a given day and today's volume is recorded at 1595142.

KLA-Tencor (KLAC) recently had their rating decreased from Sector Perform to Underperform. 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 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 $32 per share by the brokerage firm. Shares of KLAC fell by 2.18% or $-0.76/share to $34.06. In the past year, the shares have traded as low as $27.94 and as high as $51.83. On average, 3096820 shares of KLAC exchange hands on a given day and today's volume is recorded at 1813230.