Renasant Upgraded to Buy and 4 Upgraded 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:

Westlake Chemical (NYSE:WLK): UBS upgraded its rating on this company from Sell to Neutral and changed its price target from $66 to $90.

Current Price $92.29

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WLK

Intl Game Tech (NYSE:IGT): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $20.

Current Price $16.65

IGT

Esco Tech (NYSE:ESE): Needham upgraded its rating on this company from Hold to Buy.

Current Price $40.46

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ese

Renasant (NASDAQ:RNST): Wunderlich upgraded its rating on this company from Hold to Buy and changed its price target from $20 to $25.

Current Price $19.30

RNST

LRR Energy L.P. (NYSE:LRE): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target to $21.

Current Price $17.69

LRE

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