Caterpillar Gets Booed and 3 More Analysts 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:

Caterpillar (NYSE:CAT): Macquarie downgraded its rating on this company from Outperform to Neutral and changed its price target from $112.00 to $110.00.

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CAT

Penn National Gaming (NASDAQ:PENN): Susquehanna downgraded its rating on this company from Positive to Neutral.

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PENN

Cirrus Logic (NASDAQ:CRUS): Needham & Company downgraded its rating on this company from Strong-Buy to Buy and changed its price target from $45.00 to $30.00.

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CRUS

Deere & Company (NYSE:DE): Macquarie downgraded its rating on this company from Outperform to Neutral.

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DE

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