Regal-Beloit 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:
Regal-Beloit (NYSE:RBC): MKM Partners downgraded its rating on this company from Buy to Neutral and changed its price target from $75 to $79.
Current Price $77.98
UBS AG (NYSE:UBS): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform.
Current Price $17.18
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
SandRidge Permian Trust (NYSE:PER): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $19 to $17.
Current Price $17.25
Ashford Hospitality Trust (NYSE:AHT): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $13.
Current Price $11.47
Don’t Miss: JPMorgan: Shifting Profits, Shifting Salaries.