Nokia Gets a Pat on the Back and 3 More Analyst Upgrades To Read
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:
Nokia Co. (NYSE:NOK): BMO Capital Markets upgraded its rating on this company from Underperform to Market Perform and changed its price target to $2.50.
Netflix (NASDAQ:NFLX): National Alliance Securities upgraded its rating on this company from Market Perform to Accumulate and changed its price target from $101.77 to $186.64.
E TRADE Financial Co. (NASDAQ:ETFC): Keefe, Bruyette & Woods upgraded its rating on this company from Underperform to Market Perform.
Overstock.com (NASDAQ:OSTK): Bank of America upgraded its rating on this company from Neutral to Buy.