GameStop is a Buy and 4 More Analyst Upgrades 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:
GameStop (NYSE:GME): TheStreet upgraded its rating on this company from Hold to Buy.
The Gap (NYSE:GPS): Avondale Partners upgraded its rating on this company from Underperform to Market Perform.
Intervest Bancshares Corp (NASDAQ:IBCA): TheStreet upgraded its rating on this company from Hold to Buy.
Juniper Networks (NYSE:JNPR): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $22.00.