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:
AmerisourceBergen (NYSE:ABC): Goldman Sachs upgraded its rating on this company from Neutral to Buy.
Assurant (NYSE:AIZ): Sterne Agee upgraded its rating on this company from Underperform to Neutral and changed its price target to $51.00.
Aegon (NYSE:AEG): Keefe, Bruyette & Woods upgraded its rating on this company from Underperform to Market Perform.
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