Inergy Downgraded to Neutral and 3 Downgraded Stocks to Note

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:

Sunoco Logistics (NYSE:SXL): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $56.

Current Price $55.6994

SXL

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Plains All Amer (NYSE:PAA): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $51.

Current Price $48.9801

PAA

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Inergy (NYSE:NRGY): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $21.

Current Price $20.10

NRGY

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Energy Transfer Equity (NYSE:ETE): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $50.

Current Price $48.88

ETE

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