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:
Kraft Foods (NASDAQ:KRFT): Davenport downgraded its rating on this company from Buy to Neutral.
Kansas City Southern (NYSE:KSU): Bank of America downgraded its rating on this company from Buy to Neutral and changed its price target to $113.00.
Marcus Corp (NYSE:MCS): TheStreet downgraded its rating on this company from Buy to Hold.
Maiden Holdings, Ltd. (NASDAQ:MHLD): Macquarie downgraded its rating on this company from Outperform to Neutral.