TECO Energy is a Buy 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:
TECO Energy (NYSE:TE): TheStreet upgraded its rating on this company from Hold to Buy.
Vale (NYSE:VALE): Canaccord Genuity upgraded its rating on this company from Hold to Buy and changed its price target to $21.00.
WESCO International (NYSE:WCC): Longbow Research upgraded its rating on this company from Neutral to Buy.
Whiting Petroleum Co. (NYSE:WLL): JPMorgan Chase upgraded its rating on this company from Neutral to Overweight.