Sterling Bancorp Will Outperform and 3 More Analyst Upgrades to Read Now
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:
Sterling Bancorp (NYSE:STL): Keefe, Bruyette & Woods upgraded its rating on this company from Market Perform to Outperform.
Toll Brothers (NYSE:TOL): Susquehanna upgraded its rating on this company from Negative to Neutral.
UBM (NYSE:UBM): Westhouse Securities upgraded its rating on this company to Buy and changed its price target to $12.72.
Zumiez (NASDAQ:ZUMZ): Piper Jaffray upgraded its rating on this company from Underweight to Neutral.