Urban Outfitters Reiterated at Hold and 3 Must-See Reiterated Ratings
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:
ViroPharma (NASDAQ:VPHM): WallachBeth reiterated its rating of Hold for this company and changed its price target from $24 to $28.
Current Price $24.90
Urban Outfitters (NASDAQ:URBN): Canaccord Genuity reiterated its rating of Hold for this company and changed its price target from $38 to $45.
Current Price $42.68
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Tiffany & Co (NYSE:TIF): Canaccord Genuity reiterated its rating of Buy for this company and changed its price target from $65 to $58.
Current Price $60.11
Franklin Resources (NYSE:BEN): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $140 to $150.
Current Price $133.80
Don’t Miss: Can Wal-Mart Explain These Bribery Allegations?