Kaman Downgraded to Hold and 4 Downgraded Stocks to Eye

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!

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Simpson Manufacturing (NYSE:SSD): DA Davidson downgraded its rating on this company from Buy to Neutral and changed its price target to $35.

Current Price $32.11

SSD

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Kaman (NASDAQ:KAMN): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold.

Current Price $36.52

KAMN

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Reliance Steel (NYSE:RS): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold.\

Current Price $63.38

RS

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Sprint Nextel (NYSE:S): UBS downgraded its rating on this company from Buy to Neutral.

Current Price $5.73

S

Wells Fargo (NYSE:WFC): Oppenheimer downgraded its rating on this company from Outperform to Perform.

Current Price $34.70

WFC

Investing Insights: Sprint Can’t Escape Drama.