Clean Harbors Will Outperform and 3 More Analyst Upgrades to Know Now
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:
Plains All Amer (NYSE:PAA): Deutsche Bank upgraded its rating on this company from Hold to Buy and changed its price target from $52 to $66.
Quanex (NYSE:NX): Imperial Capital upgraded its rating on this company from In-line to Outperform.
CommonWealth REIT (NYSE:CWH): Stifel upgraded its rating on this company from Sell to Hold.
Clean Harbors (NYSE:CLH): Oppenheimer upgraded its rating on this company from Perform to Outperform and changed its price target to $72.