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Friday, December 2, 2011

Upgrades and Downgrades Daily Report: (CBRL), (BECN), (BEN), (RBC), (LULU)

Morgan Keegan, the brokerage firm, has recently increased the rating on Cracker Barrel (CBRL). They upped the rating from Mkt 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 $58 per share by the brokerage firm. Shares of CBRL traded higher by 2.42% or $1.15/share to $48.71. In the past year, the shares have traded as low as $37.31 and as high as $57.25. On average, 302184 shares of CBRL exchange hands on a given day and today's volume is recorded at 264573.

KeyBanc Capital Mkts, the brokerage firm, has recently decreased the rating on Beacon Roofing Supply (BECN). 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 BECN fell by 0.88% or $-0.17/share to $19.21. In the past year, the shares have traded as low as $14.59 and as high as $23.54. On average, 563149 shares of BECN exchange hands on a given day and today's volume is recorded at 282374.

Franklin Resources (BEN) is currently being analyzed by the brokerage firm Ticonderoga. 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. Shares of BEN fell by 0.19% or $-0.19/share to $99.00. In the past year, the shares have traded as low as $87.71 and as high as $137.56. On average, 1640980 shares of BEN exchange hands on a given day and today's volume is recorded at 912549.

Regal-Beloit (RBC) recently had their rating changed from Buy to Neutral. MKM Partners 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 RBC fell by 1.81% or $-0.95/share to $51.54. In the past year, the shares have traded as low as $41.65 and as high as $76.65. On average, 436805 shares of RBC exchange hands on a given day and today's volume is recorded at 179062.

lululemon athletica (LULU) recently had their rating increased from Underweight 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 $58 per share by the brokerage firm. Shares of LULU traded higher by 5.72% or $2.7/share to $49.87. In the past year, the shares have traded as low as $25.82 and as high as $64.49. On average, 3783970 shares of LULU exchange hands on a given day and today's volume is recorded at 6986392.