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

ED

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BHP Billiton (NYSE:BHP): Dahlman Rose downgraded its rating on this company from Buy to Hold.

Current Price $76.75

BHP

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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

CLF

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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

WSO

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