Matrix Lighthouse Rating Changes 10/24
Upgrades:
Broadcom (Nasdaq: BRCM) from Buy to Strong Buy, citing new financials 10Q; China Telecom (NYSE: CHA) from Hold to Buy, citing new financials 10Q; ION Geophysical (NYSE: IO) from Buy to Strong Buy, citing a declining stock price; Kaydon (NYSE: KDN) from Hold to Buy, citing a declining stock price; Universal Stainless & Alloy Products (Nasdaq: USAP) from Hold to Buy, citing a declining stock price;
Downgrades:
AirTran Holdings (NYSE: AAI) from Sell to Strong Sell, citing a rising stock price; American Commercial Lines (Nasdaq: ACLI) from Hold to Sell, citing a rising relative value; Affiliated Computer Services (NYSE: ACS) from Hold to Sell, citing a rising relative value; Cabela's (NYSE: CAB) from Buy to Hold, citing a rising relative value;
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