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Friday, October 7, 2011

Upgrades and Downgrades Daily Report: (CSII), (GLGL), (WRE), (LKQX), (AMD)

Cardiovascular Systems (CSII) recently had their rating decreased from Strong Buy to Buy. Feltl & Co. 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 CSII fell by 28.64% or $-2.95/share to $7.35. In the past year, the shares have traded as low as $5.18 and as high as $16.25. On average, 135338 shares of CSII exchange hands on a given day and today's volume is recorded at 728084.

Canaccord Genuity, the brokerage firm, has recently decreased the rating on GLG Life Tech (GLGL). 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. The target price is currently set at $2 per share by the brokerage firm. Shares of GLGL fell by 8.54% or $-0.17/share to $1.82. In the past year, the shares have traded as low as $1.91 and as high as $12.45. On average, 36479 shares of GLGL exchange hands on a given day and today's volume is recorded at 298371.

Washington REIT (WRE) is currently being analyzed by the brokerage firm Stifel Nicolaus. They have just changed 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. Shares of WRE fell by 3.41% or $-0.97/share to $27.49. In the past year, the shares have traded as low as $25.45 and as high as $34.54. On average, 559912 shares of WRE exchange hands on a given day and today's volume is recorded at 550265.

LKQ Corp (LKQX) recently had their rating changed from Mkt Perform to Outperform. Barrington Research 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 $36 per share by the brokerage firm. Shares of LKQX traded higher by 1.11% or $0.3/share to $27.31. In the past year, the shares have traded as low as $20.38 and as high as $27.75. On average, 717826 shares of LKQX exchange hands on a given day and today's volume is recorded at 1132444.

Advanced Micro (AMD) recently had their rating changed from Underperform to Perform. Oppenheimer 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. Shares of AMD fell by 1.65% or $-0.08/share to $4.77. In the past year, the shares have traded as low as $4.31 and as high as $9.58. On average, 26100500 shares of AMD exchange hands on a given day and today's volume is recorded at 14611705.