NetSpend Upgraded to Neutral and 3 Upgraded Stocks on the Move
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:
Harmonic (NASDAQ:HLIT): Maxim Group upgraded its rating on this company from Hold to Buy.
Current Price $5.72
Comcast (NASDAQ:CMCSA): RBC Capital Mkts upgraded its rating on this company from Sector Perform to Outperform and changed its price target from $39 to $46.
Current Price $40.50
NetSpend (NASDAQ:NTSP): Compass Point upgraded its rating on this company from Sell to Neutral and changed its price target from $5 to $10.
Current Price $12.22
Ingram Micro (NYSE:IM): Needham upgraded its rating on this company from Hold to Buy and changed its price target to $22.
Current Price $19.89