Watsco Downgraded to Neutral and 3 Stock Analysts Downgraded Stocks to Watch
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:
Con Edison (NYSE:ED): UBS downgraded its rating on this company from Neutral to Sell.
Current Price $55.21
BHP Billiton (NYSE:BHP): Dahlman Rose downgraded its rating on this company from Buy to Hold.
Current Price $76.75
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Cliffs Natural Resources (NYSE:CLF): Dahlman Rose downgraded its rating on this company from Hold to Sell and changed its price target to $20.
Current Price $36.8101
Watsco (NYSE:WSO): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $72 to $77.
Current Price $74.91
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