Avon Upgraded to Neutral and 3 Upgraded Stocks on the Move
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:
Avon Products (NYSE:AVP): UBS upgraded its rating on this company from Sell to Neutral and changed its price target from $13 to $21.
Current Price $20.90
Zimmer Hldgs (NYSE:ZMH): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $90.
Current Price $75.86
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Buckeye Partners (NYSE:BPL): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $58.
Current Price $54.18
MDU Resources (NYSE:MDU): Williams Capital Group upgraded its rating on this company from Perform to Outperform and changed its price target from $24 to $27.
Current Price $23.84
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