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Thursday, September 8, 2011

Upgrades and Downgrades for Today: (SNDK), (NEE), (DVN), (LAYN), (TZOO)

SanDisk (SNDK) recently had their rating changed from Negative to Positive. Avian 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. Shares of SNDK traded higher by 2.43% or $0.915/share to $38.55. In the past year, the shares have traded as low as $32.24 and as high as $53.61. On average, 7959380 shares of SNDK exchange hands on a given day and today's volume is recorded at 11229168.

NextEra Energy (NEE) is currently being analyzed by the brokerage firm Wunderlich. They have just changed 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. The target price is currently set at $57 per share by the brokerage firm. Shares of NEE fell by 0.69% or $-0.38/share to $54.62. In the past year, the shares have traded as low as $49.00 and as high as $58.98. On average, 2153560 shares of NEE exchange hands on a given day and today's volume is recorded at 1435967.

Devon Energy (DVN) is currently being analyzed by the brokerage firm UBS. They have just changed their rating from Neutral 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. The target price is currently set at $85 per share by the brokerage firm. Shares of DVN fell by 1.16% or $-0.77/share to $65.61. In the past year, the shares have traded as low as $61.18 and as high as $93.56. On average, 3548970 shares of DVN exchange hands on a given day and today's volume is recorded at 2460192.

Layne Christensen (LAYN) is currently being analyzed by the brokerage firm Boenning & Scattergood. They have just decreased their rating from Outperform 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 LAYN fell by 5.68% or $-1.49/share to $24.75. In the past year, the shares have traded as low as $23.67 and as high as $38.00. On average, 127535 shares of LAYN exchange hands on a given day and today's volume is recorded at 222940.

Travelzoo (TZOO) recently had their rating decreased from Outperform to Mkt Perform. Morgan Keegan 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 $32 per share by the brokerage firm. Shares of TZOO fell by 6.93% or $-2.41/share to $32.36. In the past year, the shares have traded as low as $19.75 and as high as $103.80. On average, 1520540 shares of TZOO exchange hands on a given day and today's volume is recorded at 1173944.