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:
BHP Billiton (NYSE:BHP): Investec upgraded its rating on this company from Hold to Buy.
Statoil (NYSE:STO): DNB Markets upgraded its rating on this company from Hold to Buy.
Starwood Property Trust (NYSE:STWD): Bank of America upgraded its rating on this company from Neutral to Buy and changed its price target from $28.50 to $30.50.
Titan Machinery (NASDAQ:TITN): Standpoint Research upgraded its rating on this company from Hold to Buy.