Echo Global Downgraded to Hold 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:
Ameristar Casinos (NASDAQ:ASCA): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $22 to $27.
Current Price $27.05
Echo Global Logistics (NASDAQ:ECHO): Stifel Nicolaus downgraded its rating on this company from Buy to Hold.
Current Price $18.44
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
C.H. Robinson (NASDAQ:CHRW): Stifel Nicolaus downgraded its rating on this company from Hold to Sell.
Current Price $64.46
Dell (NASDAQ:DELL): Argus downgraded its rating on this company from Buy to Hold.
Current Price $12.59
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