Rite Aid Will Outperform and 4 More Analyst Upgrades to Read About

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:

Rite Aid (NYSE:RAD): Raymond James upgraded its rating on this company from Market Perform to Outperform and changed its price target to $3.00.

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Nippon Telegraph & Telephone (NYSE:NTT): Nomura upgraded its rating on this company from Neutral to Buy.

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Universal Display Co. (NASDAQ:PANL): Oppenheimer upgraded its rating on this company from Market Perform to Outperform and changed its price target to $37.00.

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Protective Life (NYSE:PL): Raymond James upgraded its rating on this company from Outperform to Strong-Buy and changed its price target from $40.00 to $46.00.

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Pinnacle Entertainment (NYSE:PNK): Deutsche Bank upgraded its rating on this company from Hold to Buy and changed its price target from $15.00 to $23.00.

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