Alaska Air Looks Good and 3 More Analyst Opinions to Know Now
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 Stock?s Movement’. Here are catalysts you must know today:
Alaska Air (NYSE:ALK): Imperial Capital initiated coverage of this company with a rating of In-line and a price target of $63.
Pier 1 Imports (NYSE:PIR): Barclays reiterated its rating of Equal Weight for this company and changed its price target from $22 to $24.
Waste Mgmt (NYSE:WM): Stifel initiated coverage of this company with a rating of Hold.
Waste Connections (NYSE:WCN): Stifel initiated coverage of this company with a rating of Buy and a price target of $42.