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.
Gladstone Commercial Corp (NASDAQ:GOOD): Hilliard Lyons downgraded its rating on this company from Buy to Neutral.
Harmony Gold Mining (NYSE:HMY): Citigroup downgraded its rating on this company from Neutral to Sell.
Infosys Technologies Ltd (NASDAQ:INFY): Bank of America downgraded its rating on this company from Buy to Neutral.