Expedia Downgraded to Sector Perform and 3 Downgraded Stocks to Watch
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:
SandRidge Mississippian Trust I (NYSE:SDT): RBC Capital Mkts downgraded its rating on this company from Sector Perform to Underperform and changed its price target from $16 to $15.
Current Price $17.36
Expedia (NASDAQ:EXPE): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $70 to $73.
Current Price $65.90
IDEX Corp (NYSE:IEX): Stifel Nicolaus downgraded its rating on this company from Buy to Hold.
Current Price $48.46
Viacom (NASDAQ:VIAB): Argus downgraded its rating on this company from Buy to Hold.
Current Price $59.27
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