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 10.16

+0.00 +0.00%
Volume: 13,866
Track CYNO

ELRC 10.83

+0.00 +0.00%
Volume: 46,470
Track ELRC

FOSL 32.90

+0.00 +0.00%
Volume: 657,257
Track FOSL

IN 12.88

+0.00 +0.00%
Volume: 229,942
Track IN

NYX 26.06

+0.00 +0.00%
Volume: 2,964,497
Track NYX

OEH 9.01

+0.00 +0.00%
Volume: 453,843
Track OEH

RAIL 18.57

+0.00 +0.00%
Volume: 123,494
Track RAIL

RHB 27.95

+0.00 +0.00%
Volume: 487,340
Track RHB

TIBX 8.98

+0.00 +0.00%
Volume: 1,079,038
Track TIBX

XLTC 31.94

+0.00 +0.00%
Volume: 0
Track XLTC


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