Alcoa is a Buy and 3 More Analyst Upgrades 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:
Alcoa (NYSE:AA): TheStreet upgraded its rating on this company from Hold to Buy.
Old Dominion (NASDAQ:ODFL): JPMorgan Chase upgraded its rating on this company from Neutral to Overweight.
Pinnacle Financial Partners (NASDAQ:PNFP): Wunderlich upgraded its rating on this company from Hold to Buy and changed its price target from $23.00 to $26.00.
Pioneer Natural Resources (NYSE:PXD): Canaccord Genuity upgraded its rating on this company from Sell to Hold and changed its price target to $112.00.
Don’t Miss: Exxon’s CEO Rakes in the Cash Money.