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:
FBR & Co. (NASDAQ:FBRC): TheStreet upgraded its rating on this company from Hold to Buy.
Flextronics International Ltd. (NASDAQ:FLEX): RBC Capital upgraded its rating on this company from Sector Perform to Outperform and changed its price target from $7.00 to $8.00.
FMC (NYSE:FMC): Macquarie upgraded its rating on this company from Neutral to Outperform.
First Niagara Financial Group (NASDAQ:FNFG): Keefe, Bruyette & Woods upgraded its rating on this company from Market Perform to Outperform and changed its price target to $10.50.
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