J.C. Penney is a Buy and 4 More Analyst Upgrades To Know
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:
J.C. Penney Company (NYSE:JCP): Gilford Securities upgraded its rating on this company from Neutral to Buy.
Fairchild Semiconductor International (NYSE:FCS): TheStreet upgraded its rating on this company from Hold to Buy.
First Horizon National Co. (NYSE:FHN): Compass Point upgraded its rating on this company from Sell to Neutral and changed its price target to $10.00.
First Niagara Financial Group (NASDAQ:FNFG): Guggenheim upgraded its rating on this company from Neutral to Buy.
Hess Corp (NYSE:HES): Barclays Capital upgraded its rating on this company from Equal Weight to Overweight and changed its price target to $86.00.
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