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Thursday, September 1, 2011

Investment Firm Upgrades and Downgrades: (B), (CTSH), (RPM), (BAH), (DECK)

Barnes Group (B) is currently being analyzed by the brokerage firm Oppenheimer. They have just changed their rating from Outperform to 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 B fell by 4.17% or $-0.96/share to $22.06. In the past year, the shares have traded as low as $15.39 and as high as $25.85. On average, 408333 shares of B exchange hands on a given day and today's volume is recorded at 427505.

Cognizant Tech (CTSH) recently had their rating changed from Buy to Strong 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. Shares of CTSH fell by 0.68% or $-0.43/share to $63.02. In the past year, the shares have traded as low as $53.54 and as high as $83.48. On average, 3492090 shares of CTSH exchange hands on a given day and today's volume is recorded at 2460343.

Oppenheimer, the brokerage firm, has recently changed the rating on RPM Inc (RPM). They lowered the rating from Perform to Underperform. 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 RPM fell by 6.86% or $-1.43/share to $19.41. In the past year, the shares have traded as low as $17.09 and as high as $26.00. On average, 737730 shares of RPM exchange hands on a given day and today's volume is recorded at 1355534.

Booz Allen Hamilton (BAH) is currently being analyzed by the brokerage firm Stifel Nicolaus. They have just changed their rating from Buy to Hold. 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 BAH fell by 5.67% or $-0.91/share to $15.13. In the past year, the shares have traded as low as $14.98 and as high as $20.73. On average, 386558 shares of BAH exchange hands on a given day and today's volume is recorded at 1140781.

Deckers Outdoor (DECK) recently had their rating increased from Neutral to Buy. Longbow 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 $115 per share by the brokerage firm. Shares of DECK fell by 0.65% or $-0.58/share to $88.38. In the past year, the shares have traded as low as $44.02 and as high as $105.83. On average, 1293440 shares of DECK exchange hands on a given day and today's volume is recorded at 1013945.