HCP Upgraded to Hold and 4 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:

Altria (NYSE:MO): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $36.

Current Price $32.70

MO

Mack-Cali Realty (NYSE:CLI): KeyBanc Capital Mkts upgraded its rating on this company from Hold to Buy.

Current Price $26.65

CLI

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Kilroy Realty (NYSE:KRC): KeyBanc Capital Mkts upgraded its rating on this company from Underweight to Hold.

Current Price $48.83

KRC

HCP (NYSE:HCP): KeyBanc Capital Mkts upgraded its rating on this company from Underweight to Hold.

Current Price $45.92

HCP

Essex Property (NYSE:ESS): KeyBanc Capital Mkts upgraded its rating on this company from Hold to Buy.

Current Price $151.27

ESS

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