Key Energy Will Outperform and 2 More Analyst Upgrades to Know About
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:
Niska Gas Storage (NYSE:NKA): Stifel upgraded its rating on this company from Hold to Buy and changed its price target to $15.
Atmel (NASDAQ:ATML): FBR Capital upgraded its rating on this company from Mkt Perform to Outperform and changed its price target from $7.5 to $8.25.
Key Energy (NYSE:KEG): FBR Capital upgraded its rating on this company from Mkt Perform to Outperform and changed its price target to $10.
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