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Friday, September 16, 2011

Upgrades and Downgrades Daily Report: (SNGX), (IAG), (SSYS), (RGLD), (ZINC)

Brean Murray, the brokerage firm, has recently changed the rating on Soligenix (SNGX). 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.

IAMGOLD (IAG) is currently being analyzed by the brokerage firm HSBC Securities. They have just increased their rating from Neutral to Overweight. 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 $30 per share by the brokerage firm. Shares of IAG traded higher by 5.2% or $1.11/share to $22.44. In the past year, the shares have traded as low as $16.06 and as high as $23.38. On average, 2910790 shares of IAG exchange hands on a given day and today's volume is recorded at 2628523.

Stratasys (SSYS) is currently being analyzed by the brokerage firm Needham. 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 SSYS fell by 8.55% or $-2.14/share to $22.89. In the past year, the shares have traded as low as $20.09 and as high as $55.66. On average, 351343 shares of SSYS exchange hands on a given day and today's volume is recorded at 522540.

Royal Gold (RGLD) recently had their rating changed from Overweight to Neutral. HSBC Securities 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 $89 per share by the brokerage firm. Shares of RGLD traded higher by 0.09% or $0.07/share to $80.30. In the past year, the shares have traded as low as $45.37 and as high as $83.69. On average, 843706 shares of RGLD exchange hands on a given day and today's volume is recorded at 923712.

FBR Capital, the brokerage firm, has recently increased the rating on Horsehead Holding (ZINC). They upped the rating from Mkt Perform to Outperform. 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 $15 per share by the brokerage firm. Shares of ZINC traded higher by 3.37% or $0.33/share to $10.12. In the past year, the shares have traded as low as $7.40 and as high as $17.98. On average, 567658 shares of ZINC exchange hands on a given day and today's volume is recorded at 786185.