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:
SandRidge Energy (NYSE:SD): Ladenburg Thalmann downgraded its rating on this company from Buy to Neutral and changed its price target from $10 to $7.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Tenaris (NYSE:TS): UBS downgraded its rating on this company from Buy to Neutral.
Current Price $41.04
Comfort Sys USA (NYSE:FIX): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold.
Current Price $12.13
Wesco (NYSE:WCC): UBS downgraded its rating on this company from Buy to Neutral.
Current Price $70.89
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