Covanta Downgraded to Neutral and 3 Downgraded Stocks to Eye

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:

Dollar General (NYSE:DG): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $54 to $49. Current Price $42.88

DG

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Family Dollar (NYSE:FDO): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $67 to $63. Current Price $56.50

FDO

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Comerica (NYSE:CMA): Oppenheimer downgraded its rating on this company from Outperform to Perform. Current Price $31.71

CMA

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Covanta (NYSE:CVA): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $20. Current Price $18.94

CVA

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