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:
Sandstorm Gold (NYSE:SAND): RBC Capital Mkts initiated coverage of this company with a rating of Outperform.
Albany Intl (NYSE:AIN): Stifel initiated coverage of this company with a rating of Buy and a price target of $38.
Argonaut Group (NASDAQ:AGII): Compass Point initiated coverage of this company with a rating of Neutral and a price target of $45.
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