Broadcom Gets Booed and 3 More Analyst Downgrades to Know
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:
Broadcom Corp (NASDAQ:BRCM): Barclays Capital downgraded its rating on this company from Overweight to Underweight.
AngloGold Ashanti (NYSE:AU): Societe Generale downgraded its rating on this company from Buy to Hold.
Avon Products (NYSE:AVP): Consumer Edge downgraded its rating on this company to Underperform.
Bed Bath & Beyond (NASDAQ:BBBY): Standpoint Research downgraded its rating on this company from Buy to Hold.