Linn Energy Gets a Thumbs Down and 2 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:
Linn Energy (NASDAQ:LINE): Global Hunter Securities downgraded its rating on this company from Accumulate to Neutral and changed its price target to $38.00.
SYSCO Co. (NYSE:SYY): Cleveland Research downgraded its rating on this company from Neutral to Underperform.
Uroplasty (NASDAQ:UPI): Stephens downgraded its rating on this company from Overweight to Equal Weight.