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): Raymond James upgraded its rating on this company from Outperform to Strong-Buy and changed its price target to $37.00.
Teradyne (NYSE:TER): UBS AG upgraded its rating on this company from Neutral to Buy and changed its price target from $17.00 to $25.00.
Tessera Technologies (NASDAQ:TSRA): Bank of America upgraded its rating on this company from Underperform to Buy.
United Community Banks (NASDAQ:UCBI): Keefe, Bruyette & Woods upgraded its rating on this company to Outperform.
Unisys (NYSE:UIS): Susquehanna upgraded its rating on this company from Neutral to Positive and changed its price target from $19.00 to $21.00.
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