Titan Machinery Gets Booed and 4 More Analyst Downgrades to Know

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:

Titan Machinery (NASDAQ:TITN): Stephens downgraded its rating on this company from Overweight to Equal Weight.

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TITN

Semiconductor HOLDRs (NYSE:SMH): Barclays Capital downgraded its rating on this company to Neutral.

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SMH

Transcept Pharmaceuticals Incorporated (NASDAQ:TSPT): Piper Jaffray downgraded its rating on this company from Overweight to Neutral.

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TSPT

Barrick Gold Corp (NYSE:ABX): TD Securities downgraded its rating on this company from Buy to Hold and changed its price target from $39.00 to $31.00.

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ABX

The Andersons (NASDAQ:ANDE): Stephens downgraded its rating on this company from Overweight to Equal Weight.

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ANDE

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