UPS Will Outperform and 3 More Analyst Upgrades to Know 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:
United Parcel Service (NYSE:UPS): RBC Capital upgraded its rating on this company from Sector Perform to Outperform and changed its price target from $80.00 to $100.00.
Verizon (NYSE:VZ): Janco Partners upgraded its rating on this company to Strong-Buy.
WNS Holdings Ltd (NYSE:WNS): William Blair upgraded its rating on this company from Market Perform to Outperform.
Textron (NYSE:TXT): JPMorgan Chase upgraded its rating on this company from Neutral to Overweight and changed its price target to $30.00.
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