Procter & Gamble Is a Buy and 3 More Analyst Upgrades To Know Now

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:

Procter & Gamble (NYSE:PG): SunTrust upgraded its rating on this company from Neutral to Buy and changed its price target from $80.00 to $88.00.

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PG

Open Text (NASDAQ:OTEX): Cantor Fitzgerald upgraded its rating on this company from Hold to Buy.

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OTEX

Potlatch Co. (NYSE:PCH): Raymond James upgraded its rating on this company from Market Perform to Outperform.

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PCH

Provident Financial Holdings (NASDAQ:PROV): Compass Point upgraded its rating on this company from Neutral to Buy and changed its price target from $16.00 to $18.00.

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PROV

Don’t Miss: Here’s Why Stronger Profits Weren’t Enough for Procter & Gamble Investors.