Sprint Gets a Promotion and 3 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:

Sprint Nextel (NYSE:S): JPMorgan Chase upgraded its rating on this company from Neutral to Overweight and changed its price target from $6.00 to $8.00.

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S

Thermo Fisher Scientific (NYSE:TMO): Mizuho upgraded its rating on this company from Neutral to Buy and changed its price target from $80.00 to $90.00.

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TMO

Tree.com (NASDAQ:TREE): TheStreet upgraded its rating on this company from Sell to Hold.

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TREE

Vulcan Materials Company (NYSE:VMC): Sterne Agee upgraded its rating on this company from Neutral to Buy and changed its price target to $55.00.

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VMC

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