Qualcomm Will Outperform and 4 More Analyst Notes To Read

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:

Qualcomm (NASDAQ:QCOM): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $72 to $70.

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QCOM

Stamps.com (NASDAQ:STMP): Northland Capital reiterated its rating of Outperform for this company and changed its price target from $32 to $39.

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STMP

Western Digital (NYSE:WDC): Stifel reiterated its rating of Buy for this company and changed its price target from $55 to $63.

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WDC

Cheesecake Factory (NASDAQ:CAKE): RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $37 to $43.

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CAKE

Akamai Tech (NASDAQ:AKAM): FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $36 to $40.

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AKAM

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