OpenTable Gets Booed and 4 More Analysts 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:

OpenTable (NASDAQ:OPEN): JPMorgan Chase downgraded its rating on this company from Overweight to Neutral.

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OPEN

China Petroleum and Chemical (NYSE:SNP): Jefferies Group downgraded its rating on this company from Hold to Underperform.

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SNP

SPX Corp (NYSE:SPW): CL King downgraded its rating on this company from Buy to Neutral.

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SPW

Synthomer (NASDAQ:SYNT): Bank of America downgraded its rating on this company to Neutral and changed its price target from $3.84 to $3.38.

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SYNT

International Tower Hill Mines (AMEX:THM): BMO Capital Markets downgraded its rating on this company from Market Perform to Underperform.

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THM

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