Medtronic Downgraded to Hold and 3 Downgraded Stocks to Watch

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:

Alliant Tech (NYSE:ATK): FBR Capital downgraded its rating on this company from Outperform to Mkt Perform.

Current Price $66.67

atk

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Medtronic (NYSE:MDT): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target to $46.

Current Price $46.39

mdt

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Virginia Commerce Bancorp (NASDAQ:VCBI): FBR Capital downgraded its rating on this company from Outperform to Mkt Perform and changed its price target from $10 to $11.5.

Current Price $11.75

vcbi

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Hanmi Financial (NASDAQ:HAFC): FBR Capital downgraded its rating on this company from Outperform to Mkt Perform and changed its price target from $13.5 to $16.

Current Price $15.76

hafc

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