Nicor Gets a Thumbs Down 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:

Nicor (NYSE:GAS): BMO Capital Markets downgraded its rating on this company from Market Perform to Underperform.

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Ironwood Pharmaceuticals (NASDAQ:IRWD): Wedbush downgraded its rating on this company from Neutral to Underperform and changed its price target from $13.00 to $12.00.

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Edwards Lifesciences (NYSE:EW): RBC Capital downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $102.00 to $72.00.

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Freeport McMoRan Copper and Gold (NYSE:FCX): Argus downgraded its rating on this company from Buy to Hold.

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Flushing Financial Co. (NASDAQ:FFIC): FBR Capital Markets downgraded its rating on this company from Outperform to Market Perform and changed its price target from $18.50 to $17.00.

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