EnCana Upgraded to Buy and 4 Upgraded Stocks on the Move

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:

Infosys (NASDAQ:INFY): UBS upgraded its rating on this company from Neutral to Buy.

Current Price $52.17

INFY

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Manulife Financial (NYSE:MFC): UBS upgraded its rating on this company from Neutral to Buy.

Current Price $14.57

MFC

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EnCana (NYSE:ECA): UBS upgraded its rating on this company from Neutral to Buy.

Current Price $19.39

ECA

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ONEOK (NYSE:OKE): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $53.

Current Price $45.38

OKE

Crimson Exploration (NASDAQ:CXPO): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $3.75.

Current Price $3.0950

CXPO

Don’t Miss: Here’s Where the Fed Sees the U.S. Heading in 2013.