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Monday, January 9, 2012

Brokerage House Upgrades and Downgrades: (IART), (IPXL), (MRX), (ANF)

Argus, the brokerage firm, has recently changed the rating on Integra (IART). 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 IART fell by 2.33% or $-0.57/share to $23.92. In the past year, the shares have traded as low as $24.45 and as high as $52.90. On average, 317898 shares of IART exchange hands on a given day and today's volume is recorded at 726739.

Canaccord Genuity, the brokerage firm, has recently changed the rating on Impax Labs (IPXL). They upped the rating from Hold to Buy. 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 $28 per share by the brokerage firm. Shares of IPXL traded higher by 5.0% or $1.01/share to $21.21. In the past year, the shares have traded as low as $14.46 and as high as $28.75. On average, 553433 shares of IPXL exchange hands on a given day and today's volume is recorded at 488068.

Medicis (MRX) recently had their rating changed 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. The target price is currently set at $36 per share by the brokerage firm. Shares of MRX traded higher by 0.76% or $0.25/share to $33.05. In the past year, the shares have traded as low as $24.97 and as high as $40.51. On average, 1393600 shares of MRX exchange hands on a given day and today's volume is recorded at 556221.

Abercrombie & Fitch (ANF) is currently being analyzed by the brokerage firm Brean Murray. 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 ANF traded higher by 0.56% or $0.25/share to $45.16. In the past year, the shares have traded as low as $44.22 and as high as $78.25. On average, 2908080 shares of ANF exchange hands on a given day and today's volume is recorded at 3331473.