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Monday, September 12, 2011

Investment Firm Upgrades and Downgrades: (VIP), (WTS), (CREE), (NETL), (IRET)

HSBC Securities, the brokerage firm, has recently changed the rating on VimpelCom (VIP). They upped the rating from Neutral to Overweight. 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 $12 per share by the brokerage firm. Shares of VIP fell by 1.17% or $-0.12/share to $10.16. In the past year, the shares have traded as low as $9.99 and as high as $16.38. On average, 3741110 shares of VIP exchange hands on a given day and today's volume is recorded at 2439378.

Watts Ind (WTS) recently had their rating changed 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 $34 per share by the brokerage firm. Shares of WTS traded higher by 1.22% or $0.32/share to $26.50. In the past year, the shares have traded as low as $24.49 and as high as $40.75. On average, 291025 shares of WTS exchange hands on a given day and today's volume is recorded at 361323.

Wunderlich, the brokerage firm, has recently changed the rating on Cree (CREE). They lowered the rating from Hold to Sell. 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 $25 per share by the brokerage firm. Shares of CREE traded higher by 0.51% or $0.16/share to $31.50. In the past year, the shares have traded as low as $26.60 and as high as $72.85. On average, 4378350 shares of CREE exchange hands on a given day and today's volume is recorded at 3178345.

NetLogic (NETL) is currently being analyzed by the brokerage firm The Benchmark Company. They have just decreased 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 NETL traded higher by 50.97% or $16.265/share to $48.18. In the past year, the shares have traded as low as $22.95 and as high as $43.71. On average, 1502760 shares of NETL exchange hands on a given day and today's volume is recorded at 41919024.

Investors Real Estate Trust (IRET) is currently being analyzed by the brokerage firm Robert W. Baird. They have just increased their rating from Neutral to Outperform. 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. The target price is currently set at $9 per share by the brokerage firm. Shares of IRET traded higher by 9.07% or $0.65/share to $7.82. In the past year, the shares have traded as low as $6.90 and as high as $9.80. On average, 424952 shares of IRET exchange hands on a given day and today's volume is recorded at 495260.