Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, October 6, 2011

Stock Upgrades and Downgrades: (FAST), (DHT), (WSO), (ABX), (BECN)

Fastenal (FAST) 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 $36 per share by the brokerage firm. Shares of FAST fell by 0.32% or $-0.1099/share to $34.01. In the past year, the shares have traded as low as $25.36 and as high as $37.78. On average, 2870770 shares of FAST exchange hands on a given day and today's volume is recorded at 2340900.

Dahlman Rose, the brokerage firm, has recently changed the rating on DHT (DHT). 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 DHT fell by 1.11% or $-0.02/share to $1.78. In the past year, the shares have traded as low as $1.51 and as high as $5.19. On average, 565473 shares of DHT exchange hands on a given day and today's volume is recorded at 388777.

Watsco (WSO) recently had their rating changed from Neutral to Outperform. 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 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 $68 per share by the brokerage firm. Shares of WSO traded higher by 2.18% or $1.2/share to $56.23. In the past year, the shares have traded as low as $50.45 and as high as $73.38. On average, 340966 shares of WSO exchange hands on a given day and today's volume is recorded at 323739.

BMO Capital Markets, the brokerage firm, has recently changed the rating on Barrick Gold (ABX). They upped the rating from Market Perform to Outperform. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $60 per share by the brokerage firm. Shares of ABX traded higher by 2.79% or $1.29/share to $47.56. In the past year, the shares have traded as low as $42.50 and as high as $55.95. On average, 9535140 shares of ABX exchange hands on a given day and today's volume is recorded at 5984119.

Beacon Roofing Supply (BECN) recently had their rating increased 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 $21 per share by the brokerage firm. Shares of BECN traded higher by 1.1% or $0.18/share to $16.58. In the past year, the shares have traded as low as $14.39 and as high as $23.54. On average, 678006 shares of BECN exchange hands on a given day and today's volume is recorded at 429090.