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:
DreamWorks Animation (NASDAQ:DWA): B. Riley upgraded its rating on this company from Sell to Buy and changed its price target from $14.50 to $23.00.
Boston Properties (NYSE:BXP): Morgan Stanley upgraded its rating on this company from Equal Weight to Overweight.
DCT Industrial Trust (NYSE:DCT): Bank of America upgraded its rating on this company from Neutral to Buy.
Duke Energy Co. (NYSE:DUK): RBC Capital upgraded its rating on this company from Sector Perform to Outperform and changed its price target from $74.00 to $78.00.
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