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Friday, October 7, 2011

Stock Market Up and Down-Grades: (SWHC), (CP), (ILMN), (HRS), (GHL)

Smith & Wesson (SWHC) recently had their rating changed from Neutral to Buy. DA Davidson 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 $4 per share by the brokerage firm. Shares of SWHC traded higher by 7.95% or $0.21/share to $2.85. In the past year, the shares have traded as low as $2.29 and as high as $4.20. On average, 439885 shares of SWHC exchange hands on a given day and today's volume is recorded at 1382401.

RBC Capital Mkts, the brokerage firm, has recently decreased the rating on Canadian Pacific (CP). They lowered the rating from Top Pick to Outperform. 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 $73 per share by the brokerage firm. Shares of CP traded higher by 0.6% or $0.3/share to $50.54. In the past year, the shares have traded as low as $44.74 and as high as $69.92. On average, 1112690 shares of CP exchange hands on a given day and today's volume is recorded at 1289127.

Illumina (ILMN) recently had their rating changed from Buy to Hold. Maxim Group 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 ILMN fell by 31.73% or $-12.67/share to $27.26. In the past year, the shares have traded as low as $37.12 and as high as $79.40. On average, 2505790 shares of ILMN exchange hands on a given day and today's volume is recorded at 26029372.

Harris (HRS) is currently being analyzed by the brokerage firm The Benchmark Company. 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. The target price is currently set at $38 per share by the brokerage firm. Shares of HRS fell by 4.2% or $-1.51/share to $34.48. In the past year, the shares have traded as low as $32.68 and as high as $53.39. On average, 1612160 shares of HRS exchange hands on a given day and today's volume is recorded at 1783034.

Greenhill (GHL) is currently being analyzed by the brokerage firm Ticonderoga. 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 $37 per share by the brokerage firm. Shares of GHL fell by 0.78% or $-0.24/share to $30.45. In the past year, the shares have traded as low as $26.38 and as high as $84.51. On average, 664382 shares of GHL exchange hands on a given day and today's volume is recorded at 350405.