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.

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MA

Advanced Micro Devices (NYSE:AMD): Macquarie downgraded its rating on this company from Outperform to Neutral and changed its price target to $3.30.

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AMD

ONEOK (NYSE:OKE): Barclays Capital downgraded its rating on this company from Overweight to Equal Weight.

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OKE

Pinnacle Entertainment (NYSE:PNK): Craig Hallum downgraded its rating on this company from Buy to Hold.

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PNK

Micron Technology (NASDAQ:MU): Credit Agricole downgraded its rating on this company from Outperform to Underperform.

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MU

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