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:
Microsoft Corp (NASDAQ:MSFT): Nomura downgraded its rating on this company from Buy to Neutral.
Mettler-Toledo International (NYSE:MTD): Goldman Sachs downgraded its rating on this company from Buy to Neutral.
Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB): JPMorgan Chase downgraded its rating on this company from Overweight to Neutral.
Aura Minerals (NYSE:ORA): Canaccord Genuity downgraded its rating on this company from Speculative Buy to Hold.
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