VeriFone Downgraded to Sector Perform and 4 Downgraded Stocks to Eye

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:

Shaw Comms (NYSE:SJR): Stifel Nicolaus downgraded its rating on this company from Buy to Hold.

Current Price $23.43

SJR

Ashford Hospitality Trust (NYSE:AHT): KeyBanc Capital Mkts downgraded its rating on this company from Hold to Underweight.

Current Price $10.93

AHT

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Huntsman (NYSE:HUN): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $16 to $18.

Current Price $17.97

HUN

VeriFone (NYSE:PAY): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $44 to $36.

Current Price $31.09

PAY

Brandywine Realty (NYSE:BDN): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold.

Current Price $12.55

BDN

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