BHP Billiton Will Outperform and 3 More Analyst Upgrades 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:
BHP Billiton (NYSE:BHP): Macquarie upgraded its rating on this company from Neutral to Outperform.
MV Oil Trust (NYSE:MVO): Raymond James upgraded its rating on this company from Underperform to Market Perform.
Premier Foods Plc (NYSE:PFD): Investec upgraded its rating on this company to Buy and changed its price target to $1.46.
PerkinElmer (NYSE:PKI): ISI Group upgraded its rating on this company from Buy to Strong-Buy.
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