Facebook Gets a Thumbs Up and 2 More Analyst Upgrades to Know About

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:

Facebook (NASDAQ:FB): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $36.

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Celgene (NASDAQ:CELG): Deutsche Bank upgraded its rating on this company from Hold to Buy and changed its price target from $105 to $143.

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Teradata (NYSE:TDC): Stifel upgraded its rating on this company from Hold to Buy and changed its price target to $63.

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