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:
BlackBerry (NASDAQ:BBRY): MKM Partners downgraded its rating on this company from Neutral to Sell and changed its price target from $12 to $10.
Current Price $13.43
Potash (NYSE:POT): Dahlman Rose downgraded its rating on this company from Hold to Sell.
Current Price $39.09
Agrium (NYSE:AGU): Dahlman Rose downgraded its rating on this company from Buy to Sell.
Current Price $101.55
Mosaic (NYSE:MOS): Dahlman Rose downgraded its rating on this company from Buy to Hold.
Current Price $57.17
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