Apple Is a Buy and 4 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:
Apple (NASDAQ:AAPL): Hilliard Lyons upgraded its rating on this company to Buy and changed its price target from $680 to $540.
Asbury Automotive (NYSE:ABG): Craig Hallum upgraded its rating on this company from Hold to Buy and changed its price target to $42.
Akamai Technologies (NASDAQ:AKAM): JPMorgan Chase upgraded its rating on this company from Neutral to Overweight.
BankUnited (NYSE:BKU): Sandler O’Neill upgraded its rating on this company from Hold to Buy.
Cheesecake Factory (NASDAQ:CAKE): Buckingham Research upgraded its rating on this company from Underperform to Neutral.
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