Stock upgrades and downgrades are a controversial part of Wall Street. Despite regulations, many banks and firms still have a positive bias toward current clients and companies desired as future clients. In addition, Wall Street analysts are straight-up biased to the buy side. The percentage of sell recommendations is normally below 15 percent!
Regardless, upgrades and downgrades move stocks in the short-term. They fall into our CHEAT SHEET framework category ‘C = Catalyst for a Stockʼs Movement’. Here are catalysts you must know today:
Atmel (NASDAQ:ATML): Maxim Group reiterated its rating of Buy for this company and changed its price target from $7 to $8. Current Price $6.9136
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