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Monday, April 23, 2012

Stock Upgrades and Downgrades: (ABVT), (FWRD), (CPK), (JAKK), (LGF)

Abovenet (ABVT) recently had their rating decreased from Outperform to Sector Perform. RBC Capital Mkts 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 $84 per share by the brokerage firm. Shares of ABVT traded higher by 0.05% or $0.04/share to $83.09. In the past year, the shares have traded as low as $49.79 and as high as $84.54. On average, 384375 shares of ABVT exchange hands on a given day and today's volume is recorded at 156776.

Forward Air (FWRD) recently had their rating changed from Buy to Hold. Dahlman Rose 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 FWRD fell by 1.86% or $-0.65/share to $34.38. 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 117296.

Chesapeake Utilities (CPK) is currently being analyzed by the brokerage firm Hilliard Lyons. They have just increased their rating from Neutral to Long-term Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $45 per share by the brokerage firm. Shares of CPK fell by 0.05% or $-0.02/share to $41.11. In the past year, the shares have traded as low as $36.00 and as high as $44.53. On average, 40118 shares of CPK exchange hands on a given day and today's volume is recorded at 17484.

Needham, the brokerage firm, has recently increased the rating on JAKKS Pacific (JAKK). 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 $22 per share by the brokerage firm. Shares of JAKK traded higher by 2.8% or $0.49/share to $17.98. In the past year, the shares have traded as low as $13.29 and as high as $21.21. On average, 160384 shares of JAKK exchange hands on a given day and today's volume is recorded at 692122.

Caris & Company, the brokerage firm, has recently changed the rating on Lions Gate Entertainment (LGF). They upped the rating from Average to Above Average. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. Shares of LGF fell by 1.17% or $-0.14/share to $11.80. In the past year, the shares have traded as low as $5.76 and as high as $16.19. On average, 3721840 shares of LGF exchange hands on a given day and today's volume is recorded at 1370953.