Zebra Tech Initiated at In-Line and 3 Initiated Stocks on the Move

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:

Newmont Mining (NYSE:NEM): BB&T Capital Mkts initiated coverage of this company with a rating of Buy and a price target of $52.

Current Price $44.7038

NEM

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Zebra Tech (NASDAQ:ZBRA): Imperial Capital initiated coverage of this company with a rating of In-line and a price target of $43.

Current Price $41.36

ZBRA

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Concho Resources (NYSE:CXO): Imperial Capital initiated coverage of this company with a rating of Outperform and a price target of $105.

Current Price $88.24

CXO

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Approach Resources (NASDAQ:AREX): Imperial Capital initiated coverage of this company with a rating of In-line and a price target of $28.

Current Price $26.18

AREX

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