Tenaris Downgraded to Hold and 4 Downgraded Stocks to Eye
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:
Sigma-Aldrich (NASDAQ:SIAL): UBS downgraded its rating on this company from Neutral to Sell and changed its price target from $76 to $70.
PharMerica (NYSE:PMC): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Tenaris (NYSE:TS): Dahlman Rose downgraded its rating on this company from Buy to Hold.
Ensco (NYSE:ESV): Dahlman Rose downgraded its rating on this company from Buy to Hold.
Basic Energy Services (NYSE:BAS): Dahlman Rose downgraded its rating on this company from Buy to Hold.
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