Cypress Semi Downgraded to Hold and 4 Downgraded Stocks Not to Miss
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:
Trinity Industries (NYSE:TRN): Stifel Nicolaus downgraded its rating on this company from Buy to Hold.
Current Price $39.3951
One Liberty Properties (NYSE:OLP): Compass Point downgraded its rating on this company from Buy to Neutral and changed its price target from $22 to $23.5.
Current Price $21.83
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
First Potomac Realty (NYSE:FPO): Compass Point downgraded its rating on this company from Buy to Neutral.
Current Price $13.90
8×8 (NASDAQ:EGHT): Northland Securities downgraded its rating on this company from Outperform to Market Perform.
Current Price $7.08
Cypress Semi (NASDAQ:CY): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target from $12 to $10.
Current Price $9.94