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Monday, October 10, 2011

Stock Upgrades and Downgrades: (CFNL), (ITC), (IBKC), (S), (BOH)

Cardinal Financial (CFNL) is currently being analyzed by the brokerage firm Robert W. Baird. 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. The target price is currently set at $10 per share by the brokerage firm. Shares of CFNL traded higher by 3.12% or $0.28/share to $9.26. In the past year, the shares have traded as low as $8.16 and as high as $12.15. On average, 116533 shares of CFNL exchange hands on a given day and today's volume is recorded at 62594.

ITC Holdings (ITC) is currently being analyzed by the brokerage firm DA Davidson. 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. Shares of ITC traded higher by 4.33% or $3.05/share to $73.50. In the past year, the shares have traded as low as $59.77 and as high as $78.89. On average, 334019 shares of ITC exchange hands on a given day and today's volume is recorded at 322959.

IberiaBank (IBKC) recently had their rating changed 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 $50 per share by the brokerage firm. Shares of IBKC traded higher by 2.92% or $1.38/share to $48.57. In the past year, the shares have traded as low as $42.51 and as high as $61.30. On average, 234448 shares of IBKC exchange hands on a given day and today's volume is recorded at 146048.

Sprint Nextel (S) is currently being analyzed by the brokerage firm Collins Stewart. They have just changed 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. The target price is currently set at $3 per share by the brokerage firm. Shares of S fell by 11.0% or $-0.265/share to $2.14. In the past year, the shares have traded as low as $2.72 and as high as $6.45. On average, 64141500 shares of S exchange hands on a given day and today's volume is recorded at 197687552.

Robert W. Baird, the brokerage firm, has recently decreased the rating on Bank of Hawaii (BOH). They lowered the rating from Neutral 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 $30 per share by the brokerage firm. Shares of BOH traded higher by 3.33% or $1.21/share to $37.58. In the past year, the shares have traded as low as $35.03 and as high as $49.26. On average, 657686 shares of BOH exchange hands on a given day and today's volume is recorded at 450156.