Bank of America Gets a Price Target Raise and 3 More Analyst Notes to Look At

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:

Duke Realty (NYSE:DRE): Stifel reiterated its rating of Buy for this company and changed its price target from $17 to $19.

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Bank of America (NYSE:BAC): Sterne Agee reiterated its rating of Neutral for this company and changed its price target from $12 to $13.

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Rex Energy (NASDAQ:REXX): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $16 to $19.

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Panera Bread (NASDAQ:PNRA): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $190 to $200.

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