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Monday, April 9, 2012

Brokerage House Upgrades and Downgrades: (TRLG), (AAPL), (MOH), (TYC), (PMTC)

The Benchmark Company, the brokerage firm, has recently changed the rating on True Religion (TRLG). 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 $32 per share by the brokerage firm. Shares of TRLG remained unchanged at $26.32. In the past year, the shares have traded as low as $24.71 and as high as $37.82. On average, 509859 shares of TRLG exchange hands on a given day and today's volume is recorded at 320503.

Apple (AAPL) is currently being analyzed by the brokerage firm BTIG Research. They have just changed 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 AAPL traded higher by 0.5% or $3.19/share to $636.87. In the past year, the shares have traded as low as $310.50 and as high as $634.66. On average, 20031900 shares of AAPL exchange hands on a given day and today's volume is recorded at 15036873.

Cantor Fitzgerald, the brokerage firm, has recently decreased the rating on Molina Healthcare (MOH). 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 MOH fell by 24.56% or $-8.6/share to $26.41. In the past year, the shares have traded as low as $13.93 and as high as $36.83. On average, 780734 shares of MOH exchange hands on a given day and today's volume is recorded at 4272746.

Tyco (TYC) recently had their rating increased from Hold to Buy. Argus 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 $65 per share by the brokerage firm. Shares of TYC fell by 1.15% or $-0.63/share to $54.10. In the past year, the shares have traded as low as $37.39 and as high as $56.66. On average, 2964580 shares of TYC exchange hands on a given day and today's volume is recorded at 3384676.

Parametric (PMTC) is currently being analyzed by the brokerage firm Canaccord Genuity. 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. The target price is currently set at $24 per share by the brokerage firm. Shares of PMTC fell by 4.15% or $-0.89/share to $20.57. In the past year, the shares have traded as low as $14.25 and as high as $28.95. On average, 1597570 shares of PMTC exchange hands on a given day and today's volume is recorded at 1855475.