Tesoro Downgraded to Market Outperform and 3 Downgraded Ratings to Understand

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 Stockʼs Movement’. Here are catalysts you must know today:

Spirit Aerosystems (NYSE:SPR): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform. Current Price $17.13

SPR

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Valero Energy (NYSE:VLO): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform and changed its price target to $37. Current Price $34.32

VLO

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Tesoro (NYSE:TSO): Howard Weil downgraded its rating on this company from Focus Stock to Market Outperform and changed its price target to $56. Current Price $40.23

TSO

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Statoil ASA (NYSE:STO): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform and changed its price target to $30. Current Price $25.15

STO

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