Baidu Gets Knocked Down and 3 More Analyst Downgrades To Know
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:
Baidu.com (NASDAQ:BIDU): Brean Murray downgraded its rating on this company from Buy to Hold.
Beneficial Mutual Bancorp (NASDAQ:BNCL): Sterne Agee downgraded its rating on this company from Buy to Neutral.
Anheuser Busch (NYSE:BUD): Goldman Sachs downgraded its rating on this company from Sell to Conviction Sell.
Carbo Ceramics (NYSE:CRR): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate and changed its price target from $98.00 to $80.00.