IBM is a Buy and 3 More Analyst Upgrades to Know Now

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:

IBM (NYSE:IBM): UBS AG upgraded its rating on this company from Neutral to Buy and changed its price target from $210.00 to $235.00.

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American Eagle (NYSE:AEO): UBS AG upgraded its rating on this company from Underperform to Hold.

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pSivida Corp (NASDAQ:PSDV): Ladenburg Thalmann upgraded its rating on this company from Neutral to Buy and changed its price target to $4.00.

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Pacific Sunwear of California (NASDAQ:PSUN): Piper Jaffray upgraded its rating on this company from Neutral to Overweight and changed its price target from $2.50 to $3.00.

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