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Friday, December 2, 2011

Stock Upgrades and Downgrades: (CLS)

Celestica (CLS) recently had their rating changed from Neutral to Sell. Ticonderoga 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 $5 per share by the brokerage firm. Shares of CLS fell by 3.58% or $-0.29/share to $7.81. In the past year, the shares have traded as low as $6.79 and as high as $12.48. On average, 773719 shares of CLS exchange hands on a given day and today's volume is recorded at 1040964.