Dell 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:
Universal Security (AMEX:UUU): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $3 to $2.86.
Current Price $4.35
Carrizo Oil & Gas (NASDAQ:CRZO): Howard Weil downgraded its rating on this company from Sector Outperform to Sector Perform and changed its price target from $27 to $25.
Current Price $20.79
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
TTM Tech (NASDAQ:TTMI): Stifel Nicolaus downgraded its rating on this company from Buy to Hold.
Current Price $7.68
Dell (NASDAQ:DELL): Monness Crespi & Hardt downgraded its rating on this company from Buy to Neutral.
Current Price $13.0299
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