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Thursday, October 13, 2011

Stock Market Up and Down-Grades: (LPX), (RNOW), (ALTR)

Louisiana-Pacific (LPX) is currently being analyzed by the brokerage firm RBC Capital Mkts. They have just changed their rating from Sector Perform to Outperform. 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 $8 per share by the brokerage firm. Shares of LPX traded higher by 2.43% or $0.14/share to $5.91. In the past year, the shares have traded as low as $4.59 and as high as $11.63. On average, 2702370 shares of LPX exchange hands on a given day and today's volume is recorded at 2290898.

Needham, the brokerage firm, has recently changed the rating on Rightnow Tech (RNOW). 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 RNOW traded higher by 1.14% or $0.42/share to $37.16. In the past year, the shares have traded as low as $18.74 and as high as $38.25. On average, 562337 shares of RNOW exchange hands on a given day and today's volume is recorded at 662758.

Altera (ALTR) recently had their rating decreased from Outperform to Neutral. Robert W. Baird 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 $35 per share by the brokerage firm. Shares of ALTR traded higher by 1.67% or $0.57/share to $34.75. In the past year, the shares have traded as low as $28.50 and as high as $49.59. On average, 6056340 shares of ALTR exchange hands on a given day and today's volume is recorded at 5801469.