Macerich Initiated at In-Line and 3 Initiated 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:
Horizon Technology Finance (NASDAQ:HRZN): Maxim Group initiated coverage of this company with a rating of Buy and a price target of $17.5.
Current Price $15.08
Macerich (NYSE:MAC): Imperial Capital initiated coverage of this company with a rating of In-line and a price target of $60.
Current Price $58.02
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
First Ind. Rlty (NYSE:FR): Robert W. Baird initiated coverage of this company with a rating of Outperform and a price target of $17.
Current Price $14.39
SL Green Rlty (NYSE:SLG): Robert W. Baird initiated coverage of this company with a rating of Neutral and a price target of $84.
Current Price $78.95
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