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:
Yum! Brands (NYSE:YUM): Raymond James upgraded its rating on this company from Underperform to Market Perform.
Waste Management (NYSE:WM): Wunderlich upgraded its rating on this company from Hold to Buy and changed its price target from $35.00 to $43.00.
Western Digital (NYSE:WDC): FBN Securities upgraded its rating on this company from Sector Perform to Outperform.
WellPoint (NYSE:WLP): Monness Crespi & Hardt upgraded its rating on this company from Neutral to Buy and changed its price target to $90.00.
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