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:
Boeing (NYSE:BA): BB&T upgraded its rating on this company from Hold to Buy and changed its price target to $110.00.
Sony Co. (NYSE:SNE): Credit Agricole upgraded its rating on this company from Underperform to Buy.
Spirit AeroSystems Holdings (NYSE:SPR): TheStreet upgraded its rating on this company from Hold to Buy.
SunPower (NASDAQ:SPWR): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target from $10.00 to $16.00.
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