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Monday, April 23, 2012

Brokerage House Upgrades and Downgrades: (SU), (RMBS), (FWRD)

BMO Capital Markets, the brokerage firm, has recently increased the rating on Suncor Energy (SU). They upped the rating from Market 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 $39 per share by the brokerage firm. Shares of SU traded higher by 0.58% or $0.18/share to $31.38. In the past year, the shares have traded as low as $22.55 and as high as $47.00. On average, 5156780 shares of SU exchange hands on a given day and today's volume is recorded at 3818592.

Rambus (RMBS) is currently being analyzed by the brokerage firm BWS Financial. 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 RMBS fell by 8.16% or $-0.4/share to $4.50. In the past year, the shares have traded as low as $4.00 and as high as $21.69. On average, 1226740 shares of RMBS exchange hands on a given day and today's volume is recorded at 2239675.

Robert W. Baird, the brokerage firm, has recently decreased the rating on Forward Air (FWRD). They lowered the rating from Outperform to Neutral. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. The target price is currently set at $40 per share by the brokerage firm. Shares of FWRD fell by 1.77% or $-0.62/share to $34.41. In the past year, the shares have traded as low as $23.70 and as high as $37.39. On average, 150624 shares of FWRD exchange hands on a given day and today's volume is recorded at 117896.