Weyerhaeuser 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:
NYSE Euronext (NYSE:NYX): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $32 to $34.
Current Price $33.65
Life Technologies (NASDAQ:LIFE): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $56 to $65.
Current Price $62.88
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Southern Copper (NYSE:SCCO): BB&T Capital Mkts downgraded its rating on this company from Hold to Underweight.
Current Price $39.56
FEI (NASDAQ:FEIC): Dougherty & Company downgraded its rating on this company from Buy to Neutral.
Current Price $62.66
Weyerhaeuser (NYSE:WY): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $30 to $31.
Current Price $30.15
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