PACCAR Downgraded to Neutral and 3 Downgraded Stocks to Eye
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:
PACCAR (NASDAQ:PCAR): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $46 to $48.
Current Price $46.76
W.R. Grace (NYSE:GRA): Monness Crespi & Hardt downgraded its rating on this company from Buy to Neutral and changed its price target from $67 to $79.
Current Price $72.51
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
TECO Energy (NYSE:TE): Argus downgraded its rating on this company from Buy to Hold.
Current Price $16.98
Owens Corning (NYSE:OC): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold.
Current Price $41.79
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