Freeport-McMoRan Will Outperform and 4 More Analyst Notes 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:

Freeport-McMoRan (NYSE:FCX): FBR Capital initiated coverage of this company with a rating of Outperform and a price target of $41.

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FCX

ITT Educational (NYSE:ESI): Compass Point initiated coverage of this company with a rating of Neutral and a price target of $12.

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ESI

Apollo Group (NASDAQ:APOL): Compass Point initiated coverage of this company with a rating of Sell and a price target of $15.

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APOL

RLJ Lodging Trust (NYSE:RLJ): Robert W. Baird initiated coverage of this company with a rating of Outperform and a price target of $25.

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RLJ

Southern Copper (NYSE:SCCO): FBR Capital initiated coverage of this company with a rating of Mkt Perform and a price target of $32.

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SCCO

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