Foot Locker Initiated at Outperform and 4 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:

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Cubist Pharma (NASDAQ:CBST): Aegis Capital initiated coverage of this company with a rating of Hold and a price target of $45.

Current Price $43.10

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J. C. Penney (NYSE:JCP): Maxim Group initiated coverage of this company with a rating of Sell and a price target of $10.

Current Price $19.01

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Power-One (NASDAQ:PWER): Ascendiant Capital Markets initiated coverage of this company with a rating of Neutral and a price target of $4.

Current Price $4.09

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Foot Locker (NYSE:FL): Robert W. Baird initiated coverage of this company with a rating of Outperform and a price target of $45.

Current Price $34.66

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Finish Line (NASDAQ:FINL): Robert W. Baird initiated coverage of this company with a rating of Neutral and a price target of $21.

Current Price $18.29

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