Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on September 29th:

Upgrades

• Layne Christensen (NASDAQ:LAYN): UBS upgraded its rating on this company from Sell to Neutral and changed its price target from $26 to $24. About the company: Layne Christensen Company provides water well drilling, mineral exploration drilling, geotechnical construction, oil and gas services, and related products and services. The company’s customers include municipalities, industrial, oil, gas, and mining companies, and consulting and engineering firms located in the United States, Canada, Mexico, Australia, Africa, and South America.

Downgrades

• Advanced Micro (NYSE:AMD): Longbow downgraded its rating on this company from Buy to Neutral. About the company: Advanced Micro Devices, Inc. manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, Inc. offers its products on a global basis.
• MIPS Tech (NASDAQ:MIPS): The Benchmark Company downgraded its rating on this company from Buy to Hold. About the company: MIPS Technologies, Inc. designs high-performance processors and related intellectual property for use in a variety of consumer devices and business equipment. The Company’s processor designs are based on 32- and 64-bit reduced instruction set computing architectures. MIPS licenses its processor designs and related intellectual property to semiconductor manufacturers.

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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