L’Oreal Upgraded to Overweight and 3 Upgraded Stocks on the Move
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:
Huntington Banc (NASDAQ:HBAN): Compass Point upgraded its rating on this company from Neutral to Buy and changed its price target from $6 to $8.
Current Price $7.06
Curtiss-Wright (NYSE:CW): KeyBanc Capital Mkts upgraded its rating on this company from Hold to Buy and changed its price target to $46.
Current Price $35.85
Waste Mgmt (NYSE:WM): Wedbush upgraded its rating on this company from Underperform to Neutral and changed its price target from $30 to $34.
Current Price $35.47
L’Oreal (NASDAQ:LRLCY): HSBC Securities upgraded its rating on this company from Neutral to Overweight.
Current Price $28.94
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>