Cenovus Energy Reiterated at Outperform and 3 Must-See Reiterated Ratings

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 Stockʼs Movement’. Here are catalysts you must know today:

Cenovus Energy (NYSE:CVE): BMO Capital Markets reiterated its rating of Outperform for this company and changed its price target from $46 to $45. Current Price $33.85

CVE

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Imperial Oil (AMEX:IMO): BMO Capital Markets reiterated its rating of Market Perform for this company and changed its price target from $50 to $49. Current Price $43.74

IMO

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Suncor Energy (NYSE:SU): BMO Capital Markets reiterated its rating of Outperform for this company and changed its price target from $41 to $40. Current Price $33.65

SU

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Nucor (NYSE:NUE): UBS reiterated its rating of Buy for this company and changed its price target from $46 to $50. Current Price $45.57

NUE

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