First Republic Bank Gets Demoted and 3 More Analysts Downgrades To Know

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 NYSE:FRC): Credit Suisse downgraded its rating on this company from Outperform to Neutral.

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FRC

Gladstone Commercial Corp (NASDAQ:GOOD): Hilliard Lyons downgraded its rating on this company from Buy to Neutral.

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GOOD

Harmony Gold Mining (NYSE:HMY): Citigroup downgraded its rating on this company from Neutral to Sell.

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HMY

Infosys Technologies Ltd (NASDAQ:INFY): Bank of America downgraded its rating on this company from Buy to Neutral.

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INFY

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