Texas Instruments Dropped and 4 More Analyst Downgrades 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:
Penn Virginia (NYSE:PVR): Barclays downgraded its rating on this company from Overweight to Equal Weight and changed its price target from $29 to $27.
Celadon Group (NYSE:CGI): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold.
LM Ericsson (NASDAQ:ERIC): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform.
Universal Technical Institute (NYSE:UTI): Argus downgraded its rating on this company from Buy to Sell.
Texas Instruments (NYSE:TXN): Stifel downgraded its rating on this company from Buy to Hold.
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