DreamWorks Gets a Thumbs Up and 4 More Analyst Upgrades To Know
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): Bank of America upgraded its rating on this company from Underperform to Neutral and changed its price target to $22.00.
Amgen (NASDAQ:AMGN): Goldman Sachs upgraded its rating on this company from Neutral to Conviction-Buy and changed its price target from $100.00 to $130.00.
Echo Global Logistics (NASDAQ:ECHO): Stifel Nicolaus upgraded its rating on this company from Hold to Buy.
Freeport McMoRan Copper and Gold (NYSE:FCX): Nomura upgraded its rating on this company from Neutral to Buy and changed its price target to $38.00.
Sourcefire (NASDAQ:FIRE): B. Riley upgraded its rating on this company from Neutral to Buy.
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