Yelp Gets a Yes and 3 More Analyst Upgrades To Know

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:

Yelp (NYSE:YELP): Northland Capital Partners upgraded its rating on this company from Under Perform to Market Perform and changed its price target from $16.50 to $27.00.

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Viacom (NASDAQ:VIAB): Wunderlich upgraded its rating on this company from Hold to Buy and changed its price target from $72.00 to $80.00.

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Sourcefire (NASDAQ:FIRE): TheStreet upgraded its rating on this company from Hold to Buy.

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Seagate (NASDAQ:STX): Needham & Company upgraded its rating on this company from Hold to Buy and changed its price target to $45.00.

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