MasterCard 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:
MasterCard (NYSE:MA): Raymond James downgraded its rating on this company from Outperform to Market Perform.
Advanced Micro Devices (NYSE:AMD): Macquarie downgraded its rating on this company from Outperform to Neutral and changed its price target to $3.30.
ONEOK (NYSE:OKE): Barclays Capital downgraded its rating on this company from Overweight to Equal Weight.
Pinnacle Entertainment (NYSE:PNK): Craig Hallum downgraded its rating on this company from Buy to Hold.
Micron Technology (NASDAQ:MU): Credit Agricole downgraded its rating on this company from Outperform to Underperform.