Energen Downgraded to Market Outperform and 3 Downgraded Stocks to Notice

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:

National Fuel Gas (NYSE:NFG): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform and changed its price target to $61. Current Price $49.84

NFG

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Forum Energy Tech. (NYSE:FET): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform and changed its price target to $29. Current Price $26.36

FET

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Energen (NYSE:EGN): Howard Weil downgraded its rating on this company from Focus Stock to Market Outperform and changed its price target to $61. Current Price $48.22

EGN

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Dresser-Rand (NYSE:DRC): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform and changed its price target to $65. Current Price $58.58

DRC

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