Jetblue Gets Booed and 4 More Analyst Downgrades 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:

Jetblue Airways Corp (NASDAQ:JBLU): Bank of America downgraded its rating on this company from Buy to Neutral.

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MidWestOne Financial Group (NASDAQ:MOFG): FIG Partners downgraded its rating on this company from Outperform to Market Perform.

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NGL Energy Partners (NYSE:NGL): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $29.00.

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Targa Resources Partners (NYSE:NGLS): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $49.00.

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New York Times Co. (NYSE:NYT): TheStreet downgraded its rating on this company from Buy to Hold.

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