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

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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

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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

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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

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