Royal Gold Will Outperform and 3 More Analyst Upgrades to Know 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:

Royal Gold (NASDAQ:RGLD): National Bank Financial upgraded its rating on this company from Sector Perform to Outperform.

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RGLD

Siemens (NYSE:SI): BNP Paribas upgraded its rating on this company from Underperform to Neutral.

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SI

Sterling Resources (NYSE:SLG): TD Securities upgraded its rating on this company from Hold to Speculative Buy and changed its price target to $1.20.

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SLG

China Petroleum and Chemical (NYSE:SNP): Nomura upgraded its rating on this company from Neutral to Buy.

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SNP

Don’t Miss: George Soros: Gold No Longer a Safe Haven, But Central Banks Will Support Prices.