Also was mentioned on the Nightly Business Report, but just as a gainer for the day.
Amcol International (NYSE) rose 2.15, or 8.8%, to 26.70. Sidoti & Co. raised its rating on the Arlington Heights, Ill., mineral products company to buy from neutral, saying it expects a dramatic increase in earnings from the company's minority stake in an Indian firm that makes Bauxite.
Steve, from Sidoti site: "BUY suggests capital appreciation of at least 25% from initiation of coverage over the next 12 months, while NEUTRAL denotes that a stock is not likely to provide similar gains over a 12-month period."
Good question; I don't know the answer. Good company, with neutral trading for the past quarter or so. 10% upside today on strong (possibly 4X) volume. Can't find any news, other than the upgrade. Whassup??