Best Buy Upgraded to Buy and 4 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:

TECO Energy (NYSE:TE): UBS upgraded its rating on this company from Sell to Neutral and changed its price target from $15 to $17.5.

Current Price $17.40

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Best Buy (NYSE:BBY): BB&T Capital Mkts upgraded its rating on this company from Hold to Buy and changed its price target to $21.

Current Price $16.08

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Ceva (NASDAQ:CEVA): Chardan Capital Markets upgraded its rating on this company from Hold to Buy and changed its price target from $14 to $19.

Current Price $17.8517

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Magna (NYSE:MGA): KeyBanc Capital Mkts upgraded its rating on this company from Hold to Buy and changed its price target to $61.

Current Price $53.6165

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Borg Warner (NYSE:BWA): KeyBanc Capital Mkts upgraded its rating on this company from Hold to Buy and changed its price target to $92.

Current Price $76.41

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