Best Buy Upgraded to Buy 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:
Merge Healthcare (NASDAQ:MRGE): Dougherty & Company upgraded its rating on this company from Neutral to Buy and changed its price target to $3.5.
Current Price $2.65
Riverbed Technology (NASDAQ:RVBD): Needham upgraded its rating on this company from Buy to Strong Buy.
Current Price $16.36
MPG Office Trust (NYSE:MPG): Stifel Nicolaus upgraded its rating on this company from Sell to Hold.
Current Price $2.74
Best Buy (NYSE:BBY): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $23.
Current Price $17.43
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