Lululemon Athletica Gets a Thumbs Down and 4 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:

Genie Energy (NYSE:GNE): R. F. Lafferty downgraded its rating on this company from Buy to Neutral.

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Aruba Networks (NASDAQ:ARUN): UBS downgraded its rating on this company from Buy to Neutral.

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Acuity Brands (NYSE:AYI): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold.

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Lululemon Athletica (NASDAQ:LULU): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $80 to $70.

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Duke Energy (NYSE:DUK): Argus downgraded its rating on this company from Buy to Hold.

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