Cree Reiterated at Buy and 3 Reiterated Ratings Not to Miss

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:

Synnex (NYSE:SNX): Needham reiterated its rating of Buy for this company and changed its price target from $40 to $42.

Current Price $35.09

SNX

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Cree (NASDAQ:CREE): Needham reiterated its rating of Buy for this company and changed its price target from $32 to $36.

Current Price $32.02

CREE

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SAP AG (NYSE:SAP): BMO Capital Markets reiterated its rating of Market Perform for this company and changed its price target from $70 to $75.

Current Price $81.78

SAP

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ArcelorMittal (NYSE:MT): HSBC Securities reiterated its rating of Neutral for this company and changed its price target from $16.9 to $19.1.

Current Price $17.31

MT

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