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Thursday, September 15, 2011

Upgrades and Downgrades Daily Report: (GIII), (MHP)

G-III Apparel (GIII) recently had their rating changed from Hold to Buy. Stifel Nicolaus 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 $29 per share by the brokerage firm. Shares of GIII traded higher by 11.64% or $2.5/share to $23.98. In the past year, the shares have traded as low as $20.44 and as high as $45.38. On average, 223982 shares of GIII exchange hands on a given day and today's volume is recorded at 658542.

Argus, the brokerage firm, has recently changed the rating on McGraw-Hill (MHP). They upped the rating from Hold to Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. Shares of MHP traded higher by 2.0% or $0.87/share to $44.32. In the past year, the shares have traded as low as $29.81 and as high as $45.47. On average, 2941980 shares of MHP exchange hands on a given day and today's volume is recorded at 1928174.