Generac Upgraded to Buy and 3 Analyst Ratings to Eye
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:
Qlik Tech (NASDAQ:QLIK): RBC Capital Mkts upgraded its rating on this company from Sector Perform to Outperform and changed its price target from $23 to $32.
Current Price $26.90
Targa Resources (NYSE:NGLS): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $48.
Current Price $41.38
Generac (NYSE:GNRC): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $42.
Current Price $37.10
Abbott Labs (NYSE:ABT): Stifel Nicolaus initiated coverage of this company with a rating of Buy and a price target of $40.
Current Price $34.96