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Wednesday, October 12, 2011

Upgrades and Downgrades for Today: (DRC), (LYG), (BWP), (CHRW), (KDN)

Morgan Keegan, the brokerage firm, has recently changed the rating on Dresser-Rand (DRC). They lowered the rating from Outperform to Mkt Perform. 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 DRC fell by 0.65% or $-0.31/share to $47.24. In the past year, the shares have traded as low as $30.59 and as high as $56.53. On average, 1340090 shares of DRC exchange hands on a given day and today's volume is recorded at 646560.

Lloyds Banking (LYG) recently had their rating decreased from Buy to Hold. Canaccord Genuity 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 LYG traded higher by 2.7% or $0.06/share to $2.28. In the past year, the shares have traded as low as $1.76 and as high as $4.62. On average, 4732510 shares of LYG exchange hands on a given day and today's volume is recorded at 2902782.

Boardwalk Pipeline (BWP) recently had their rating changed from Mkt Perform to Outperform. Morgan Keegan 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 $29 per share by the brokerage firm. Shares of BWP traded higher by 3.05% or $0.77/share to $25.99. In the past year, the shares have traded as low as $23.54 and as high as $34.23. On average, 429129 shares of BWP exchange hands on a given day and today's volume is recorded at 436653.

C.H. Robinson (CHRW) recently had their rating decreased from Buy to Hold. BB&T Capital Mkts 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 CHRW fell by 0.72% or $-0.53/share to $72.82. In the past year, the shares have traded as low as $62.30 and as high as $82.61. On average, 1438190 shares of CHRW exchange hands on a given day and today's volume is recorded at 906779.

BB&T Capital Mkts, the brokerage firm, has recently decreased the rating on Kaydon (KDN). 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 KDN traded higher by 1.61% or $0.484/share to $30.50. In the past year, the shares have traded as low as $26.88 and as high as $41.71. On average, 327461 shares of KDN exchange hands on a given day and today's volume is recorded at 352405.