Hartford Financial Downgraded to Mkt Perform and 3 Downgraded Stocks to Watch
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:
Exco Resources (NYSE:XCO): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold.
Current Price $6.8350
Carrizo Oil & Gas (NASDAQ:CRZO): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold.
Current Price $21.57
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
GrafTech Intl (NYSE:GTI): Davenport downgraded its rating on this company from Buy to Neutral.
Current Price $9.47
Hartford Financial (NYSE:HIG): FBR Capital downgraded its rating on this company from Outperform to Mkt Perform and changed its price target to $25.
Current Price $24.59