Green Mountain Upgraded to Buy and 3 Upgraded Stocks on the Move
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:
Green Mtn Coffee (NASDAQ:GMCR): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $50.
Current Price $39.34
RPM Inc (NYSE:RPM): Oppenheimer upgraded its rating on this company from Underperform to Perform.
Current Price $31.36
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Maxim Integrated (NASDAQ:MXIM): Oppenheimer upgraded its rating on this company from Perform to Outperform and changed its price target to $38.
Current Price $29.22
RAIT Invtmt Trust (NYSE:RAS): FBR Capital upgraded its rating on this company from Mkt Perform to Outperform and changed its price target from $5.5 to $8.
Current Price $6.8350