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Thursday, March 22, 2012

Investment Firm Upgrades and Downgrades: (EQIX), (WDC), (SCVL), (SPB), (CVBF)

Equinix (EQIX) is currently being analyzed by the brokerage firm Dougherty & Company. 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 EQIX remained unchanged at $146.05. In the past year, the shares have traded as low as $80.85 and as high as $146.79. On average, 1052390 shares of EQIX exchange hands on a given day and today's volume is recorded at 716043.

Western Digital (WDC) recently had their rating changed from Buy to Strong Buy. Needham 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 $66 per share by the brokerage firm. Shares of WDC traded higher by 6.17% or $2.435/share to $41.88. In the past year, the shares have traded as low as $22.64 and as high as $41.87. On average, 3783550 shares of WDC exchange hands on a given day and today's volume is recorded at 6504613.

Shoe Carnival (SCVL) is currently being analyzed by the brokerage firm Standpoint Research. 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 SCVL traded higher by 20.42% or $5.41/share to $31.91. In the past year, the shares have traded as low as $19.19 and as high as $34.05. On average, 67395 shares of SCVL exchange hands on a given day and today's volume is recorded at 411658.

Standpoint Research, the brokerage firm, has recently changed the rating on Spectrum Brands (SPB). 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 SPB fell by 0.28% or $-0.09/share to $32.04. In the past year, the shares have traded as low as $20.11 and as high as $36.38. On average, 184936 shares of SPB exchange hands on a given day and today's volume is recorded at 164314.

CVB Financial (CVBF) recently had their rating changed from Buy to Hold. Wunderlich 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 $12 per share by the brokerage firm. Shares of CVBF fell by 2.71% or $-0.32/share to $11.50. In the past year, the shares have traded as low as $7.28 and as high as $11.97. On average, 639839 shares of CVBF exchange hands on a given day and today's volume is recorded at 829019.