Matrix USA Rating Changes 7/14

July 14, 2008 11:35 AM EDT

Upgrades:
Fossil (Nasdaq: FOSL) from Buy to Strong Buy; Orient-Express Hotels (NYSE: OEH) from Strong Sell to Sell; Intermec (NYSE: IN) from Strong Sell to Sell; NYSE Euronext (NYSE: NYX) from Buy to Strong Buy; FreightCar America (Nasdaq: RAIL) from Strong Sell to Sell. Each of the above upgrades were due to a declining price.

Downgrades:
TIBCO Software (Nasdaq: TIBX) from Hold to Sell, citing new financials in its 10Q; Rehabcare Group (NYSE: RHB) from Strong Buy to Buy; Electro Rent (Nasdaq: ELRC) from Strong Buy to Buy; Excel Technology (Nasdaq: XLTC) from Sell to Strong Sell; Cynosure (Nasdaq: CYNO) from Strong Buy to Buy. Each of the above downgrades, save TIBCO, were due to an increasing stock price.


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Downgrades
Upgrades

Stocks Mentioned

CYNO 10.28

-0.10 -0.96%
Volume: 31,475
Track CYNO

ELRC 11.24

-0.04 -0.35%
Volume: 17,111
Track ELRC

FOSL 28.84

+0.41 +1.44%
Volume: 503,634
Track FOSL

IN 12.76

+0.25 +2.00%
Volume: 271,179
Track IN

NYX 27.82

+0.95 +3.54%
Volume: 2,188,214
Track NYX

OEH 8.86

+0.25 +2.90%
Volume: 309,526
Track OEH

RAIL 20.82

-0.92 -4.23%
Volume: 795,207
Track RAIL

RHB 25.12

+0.16 +0.64%
Volume: 191,277
Track RHB

TIBX 9.24

+0.11 +1.20%
Volume: 959,256
Track TIBX

XLTC 31.94

+0.00 +0.00%
Volume: 0
Track XLTC


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