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:
Radian Group (NYSE:RDN): Macquarie upgraded its rating on this company from Neutral to Outperform.
Rubicon Technology (NASDAQ:RBCN): Sterne Agee upgraded its rating on this company from Neutral to Buy and changed its price target to $12.00.
Southern Copper Corp (NYSE:SCCO): JPMorgan Chase upgraded its rating on this company from Neutral to Overweight.
Southwestern Energy (NYSE:SWN): Raymond James upgraded its rating on this company from Market Perform to Outperform.
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