Pepper Snapple Gets a Thumbs Down 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:

Dr Pepper Snapple Group (NYSE:DPS): Davenport downgraded its rating on this company from Buy to Neutral.

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DPS

Euronet Worldwide (NASDAQ:EEFT): Sterne Agee downgraded its rating on this company from Buy to Neutral and changed its price target to $28.00.

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EEFT

Equity Lifestyle Properties (NYSE:ELS): Cantor Fitzgerald downgraded its rating on this company from Buy to Hold and changed its price target to $75.50.

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ELS

Callaway Golf (NYSE:ELY): Raymond James downgraded its rating on this company from Strong-Buy to Market Perform and changed its price target to $8.00.

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ELY

Fidelity National Information Services (NYSE:FIS): Sterne Agee downgraded its rating on this company from Buy to Neutral and changed its price target to $42.00.

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FIS

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