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:
General Dynamics (NYSE:GD): Drexel Hamilton upgraded its rating on this company from Sell to Hold and changed its price target to $65.00.
GDF Suez SA (NYSE:GSZ): JPMorgan Chase upgraded its rating on this company to Neutral and changed its price target to $19.48.
Hays plc (NYSE:HAS): Shore Capital Stockbrokers upgraded its rating on this company to Buy.
Hecla Mining (NYSE:HL): Deutsche Bank upgraded its rating on this company from Sell to Hold.
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