Starbucks Reiterated at Buy and 3 Reiterated Ratings to Recognize

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:

Nokia (NYSE:NOK): MKM Partners reiterated its rating of Sell for this company and changed its price target from $2 to $2.5. Canaccord Genuity reiterated its rating of Hold for this company and changed its price target from $3 to $4.

Current Price $4.67

NOK

Starbucks (NASDAQ:SBUX): UBS reiterated its rating of Buy for this company and changed its price target from $59 to $64.

Current Price $54.77

SBUX

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Johnson & Johnson (NYSE:JNJ): UBS reiterated its rating of Buy for this company and changed its price target from $76 to $78.

Current Price $72.37

JNJ

Chipotle Mexican Grill (NYSE:CMG): UBS reiterated its rating of Neutral for this company and changed its price target from $270 to $310.

Current Price $297.49

CMG

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