Cisco Upgraded to Outperform and 3 Upgraded Stocks to Note
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:
Norfolk Southern (NYSE:NSC): Deutsche Bank upgraded its rating on this company from Hold to Buy.
Current Price $64.68
W.W. Grainger (NYSE:GWW): Wunderlich upgraded its rating on this company from Hold to Buy and changed its price target from $208 to $255.
Current Price $206.95
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Fresenius Medical (NYSE:FMS): HSBC Securities upgraded its rating on this company from Neutral to Overweight.
Current Price $32.85
Cisco Systems (NASDAQ:CSCO): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target from $21 to $25.
Current Price $20.77
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