Baker Hughes Downgraded to Market Perform and 4 Downgraded Stocks to Watch

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 Stockʼs Movement’. Here are catalysts you must know today:

Baker Hughes (NYSE:BHI): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform and changed its price target to $46. Current Price $42.97

BHI

Bonanza Creek Energy (NYSE:BCEI): Howard Weil downgraded its rating on this company from Focus Stock to Market Outperform and changed its price target to $39. Current Price $30.53

Picture 128

Save time and make money with our LOWEST ADVERTISED PRICE EVER to help you achieve your financial goals in 2013. This is a LIMITED TIME OFFER, so get your Stock Picker Newsletter now!

Basic Energy Services (NYSE:BAS): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform and changed its price target to $18. Current Price $11.60

BAS

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

Medley Capital (NYSE:MCC): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. Current Price $14.5501

MCC

Save time and make money with our LOWEST ADVERTISED PRICE EVER to help you achieve your financial goals in 2013. This is a LIMITED TIME OFFER, so get your Stock Picker Newsletter now!

Cree (NASDAQ:CREE): Canaccord Genuity downgraded its rating on this company from Buy to Hold and changed its price target from $38 to $32. Current Price $31.71

CREE

Don’t Miss: Can Solar Keep Soaring?