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Friday, September 23, 2011

Upgrades and Downgrades for Today: (PTEN), (DRH), (SMBL), (NOV), (GR)

Patterson-UTI (PTEN) recently had their rating decreased from Buy to Accumulate. Global Hunter 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 $28 per share by the brokerage firm. Shares of PTEN traded higher by 0.58% or $0.105/share to $18.08. In the past year, the shares have traded as low as $16.27 and as high as $34.09. On average, 3583480 shares of PTEN exchange hands on a given day and today's volume is recorded at 3877489.

FBR Capital, the brokerage firm, has recently decreased the rating on Diamondrock Hospitality (DRH). They lowered the rating from Mkt 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. The target price is currently set at $6 per share by the brokerage firm. Shares of DRH fell by 0.44% or $-0.03/share to $6.84. In the past year, the shares have traded as low as $6.54 and as high as $12.63. On average, 1914840 shares of DRH exchange hands on a given day and today's volume is recorded at 1429726.

Smart Balance (SMBL) is currently being analyzed by the brokerage firm BB&T Capital Mkts. They have just increased their rating from Hold to Buy. 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. Shares of SMBL traded higher by 6.55% or $0.3194/share to $5.20. In the past year, the shares have traded as low as $3.35 and as high as $5.74. On average, 260609 shares of SMBL exchange hands on a given day and today's volume is recorded at 382302.

Global Hunter Securities, the brokerage firm, has recently decreased the rating on Natl Oilwell Varco (NOV). They lowered the rating from Buy to Accumulate. 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 $70 per share by the brokerage firm. Shares of NOV fell by 2.66% or $-1.45/share to $52.96. In the past year, the shares have traded as low as $42.10 and as high as $86.71. On average, 4982290 shares of NOV exchange hands on a given day and today's volume is recorded at 5920668.

Goodrich (GR) is currently being analyzed by the brokerage firm DA Davidson. They have just decreased 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 GR traded higher by 1.14% or $1.38/share to $121.98. In the past year, the shares have traded as low as $70.39 and as high as $120.93. On average, 2444100 shares of GR exchange hands on a given day and today's volume is recorded at 7429316.