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:
Landauer (NYSE:LDR): Hilliard Lyons upgraded its rating on this company from Neutral to Buy.
MGIC Investment (NYSE:MTG): Macquarie upgraded its rating on this company from Underperform to Neutral.
Noble Energy (NYSE:NBL): Johnson Rice upgraded its rating on this company from Overweight to Focus List.
Northrop Grumman Cor (NYSE:NOC): JPMorgan Chase upgraded its rating on this company from Underweight to Neutral.