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:
Colgate-Palmolive Company (NYSE:CL): Barclays Capital upgraded its rating on this company to Equal Weight.
Crown Castle (NYSE:CCI): Macquarie upgraded its rating on this company from Neutral to Outperform.
Centerra Gold (NYSE:CG): RBC Capital upgraded its rating on this company from Sector Perform to Outperform and changed its price target to C$9.00.
Coherent (NASDAQ:COHR): Needham & Company upgraded its rating on this company from Hold to Buy.
Canadian Pacific Railway Limited (NYSE:CP): Raymond James upgraded its rating on this company from Market Perform to Outperform.
Investing Insights: What Do These Factors Say About DuPont?