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): ABG Sundal Collier upgraded its rating on this company to Hold and changed its price target to $400.00.
AFLAC (NYSE:AFL): Sterne Agee upgraded its rating on this company from Neutral to Buy and changed its price target to $65.00.
Aixtron AG (NASDAQ:AIXG): Northland Capital Partners upgraded its rating on this company from Under Perform to Market Perform and changed its price target to $13.00.
Boston Scientific (NYSE:BSX): Credit Suisse upgraded its rating on this company from Neutral to Outperform and changed its price target from $8.50 to $8.75.
Cameron International Corp (NYSE:CAM): Raymond James upgraded its rating on this company from Market Perform to Outperform.