McDonald’s Slips 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:
McDonald’s (NYSE:MCD): Credit Agricole downgraded its rating on this company from Buy to Outperform.
Kinross Gold Corp (NYSE:KGC): Deutsche Bank downgraded its rating on this company from Buy to Hold.
Kimberly Clark Corp (NYSE:KMB): Bank of America downgraded its rating on this company from Buy to Neutral.
Logitech International SA (NASDAQ:LOGI): Avondale Partners downgraded its rating on this company from Market Perform to Underperform.
Magnum Hunter (NYSE:MHR): Deutsche Bank downgraded its rating on this company from Buy to Hold.