Youku Downgraded to Sell and 3 Downgraded Stocks to Follow
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:
Youku (NYSE:YOKU): Maxim Group downgraded its rating on this company from Hold to Sell and changed its price target to $16.
Current Price $21.80
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Tiffany & Co (NYSE:TIF): Monness Crespi & Hardt downgraded its rating on this company from Buy to Neutral.
Current Price $62.35
Expedia (NASDAQ:EXPE): Monness Crespi & Hardt downgraded its rating on this company from Buy to Neutral.
Current Price $65.78
WMS Industries (NYSE:WMS): Stifel Nicolaus downgraded its rating on this company from Buy to Hold.
Current Price $24.67
Investing Insights: Is Expedia Likely to Outperform?