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Thursday, October 6, 2011

Stock Market Up and Down-Grades: (AYI), (TNK), (OSG)

Acuity Brands (AYI) recently had their rating changed from Hold to Buy. KeyBanc Capital Mkts 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 $50 per share by the brokerage firm. Shares of AYI traded higher by 8.09% or $3.23/share to $43.18. In the past year, the shares have traded as low as $33.13 and as high as $61.45. On average, 535341 shares of AYI exchange hands on a given day and today's volume is recorded at 770281.

Dahlman Rose, the brokerage firm, has recently changed the rating on Teekay Tankers (TNK). 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 TNK fell by 3.41% or $-0.15/share to $4.25. In the past year, the shares have traded as low as $3.48 and as high as $12.99. On average, 512912 shares of TNK exchange hands on a given day and today's volume is recorded at 626029.

Overseas Shipholding (OSG) recently had their rating decreased from Hold to Sell. Dahlman Rose 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. Shares of OSG fell by 5.26% or $-0.72/share to $12.98. In the past year, the shares have traded as low as $11.80 and as high as $38.32. On average, 825067 shares of OSG exchange hands on a given day and today's volume is recorded at 625555.