Schlumberger Reiterated as Focus Stock and 3 Must-See Reiterated Ratings

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:

CBS (NYSE:CBS): Needham reiterated its rating of Buy for this company and changed its price target from $40 to $48.

Closing Price $41.83

CBS

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Juniper Networks (NYSE:JNPR): Mizuho reiterated its rating of Neutral for this company and changed its price target from $17 to $22.

Closing Price $21.49

JNPR

Breitburn Energy (NASDAQ:BBEP): MLV & Co reiterated its rating of Buy for this company and changed its price target from $22 to $24.

Closing Price $21.74

BBEP

Schlumberger (NYSE:SLB): Howard Weil reiterated its rating of Focus Stock for this company and changed its price target from $90 to $97. HSBC Securities reiterated its rating of Overweight for this company and changed its price target from $90 to $97.

Closing Price $78.02

SLB

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