NuVasive Upgraded to Sector Perform and 3 Upgraded Ratings to Note
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:
Mattel (NASDAQ:MAT): MKM Partners upgraded its rating on this company from Neutral to Buy and changed its price target from $38 to $41. Current Price $36.6501
NuVasive (NASDAQ:NUVA): RBC Capital Mkts upgraded its rating on this company from Underperform to Sector Perform and changed its price target from $16 to $18. Current Price $17.68
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
Elizabeth Arden (NASDAQ:RDEN): RBC Capital Mkts upgraded its rating on this company from Sector Perform to Outperform and changed its price target from $51 to $55. Current Price $48.00
Mercury General (NYSE:MCY): Stifel Nicolaus upgraded its rating on this company from Sell to Hold. Current Price $39.24
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