Saks Initiated at Buy and 3 Initiated Stocks on the Move

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:

Saks (NYSE:SKS): Maxim Group initiated coverage of this company with a rating of Buy and a price target of $13.5.

Current Price $11.23

sks

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Omnicell (NASDAQ:OMCL): The Benchmark Company initiated coverage of this company with a rating of Buy and a price target of $19.

Current Price $15.72

omcl

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Red Hat (NYSE:RHT): Northland Securities initiated coverage of this company with a rating of Outperform and a price target of $65.

Current Price $56.23

rht

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Park-Ohio (NASDAQ:PKOH): Imperial Capital initiated coverage of this company with a rating of Outperform and a price target of $29.

Current Price $22.8836

pkoh

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