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Friday, October 7, 2011

Stock Upgrades and Downgrades: (ILMN), (QTM)

Illumina (ILMN) is currently being analyzed by the brokerage firm UBS. They have just decreased 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 $32 per share by the brokerage firm. Shares of ILMN fell by 32.73% or $-13.07/share to $26.86. 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 26183946.

Quantum (QTM) is currently being analyzed by the brokerage firm Wunderlich. They have just increased their rating from Hold 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 $3 per share by the brokerage firm. Shares of QTM traded higher by 4.9% or $0.1/share to $2.14. In the past year, the shares have traded as low as $1.54 and as high as $4.45. On average, 2518050 shares of QTM exchange hands on a given day and today's volume is recorded at 2648850.