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Thursday, September 29, 2011

Investment Firm Upgrades and Downgrades: (LAYN), (MIPS), (AMD)

Layne Christensen (LAYN) recently had their rating increased from Sell to Neutral. UBS 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 $24 per share by the brokerage firm. Shares of LAYN traded higher by 0.86% or $0.2/share to $23.39. In the past year, the shares have traded as low as $20.54 and as high as $38.00. On average, 143014 shares of LAYN exchange hands on a given day and today's volume is recorded at 265770.

The Benchmark Company, the brokerage firm, has recently changed the rating on MIPS Tech (MIPS). They lowered the rating from Buy to Hold. 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 MIPS fell by 6.69% or $-0.36/share to $5.02. In the past year, the shares have traded as low as $3.87 and as high as $18.19. On average, 1408930 shares of MIPS exchange hands on a given day and today's volume is recorded at 1087776.

Advanced Micro (AMD) is currently being analyzed by the brokerage firm Longbow. They have just changed their rating from Buy 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. Shares of AMD fell by 16.26% or $-1.0/share to $5.15. In the past year, the shares have traded as low as $5.60 and as high as $9.58. On average, 24877000 shares of AMD exchange hands on a given day and today's volume is recorded at 52958088.