Wabtec Initiated at Hold and 3 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:

Salix Pharma (NASDAQ:SLXP): RBC Capital Mkts initiated coverage of this company with a rating of Outperform and a price target of $53.

Current Price $45.91

SLXP

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Get our fresh Feature Stock Pick now!

Williams Partners (NYSE:WPZ): Global Hunter Securities initiated coverage of this company with a rating of Buy and a price target of $54.

Current Price $49.60

WPZ

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

Wabtec (NYSE:WAB): Stifel Nicolaus initiated coverage of this company with a rating of Hold.

Current Price $89.11

WAB

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Get our fresh Feature Stock Pick now!

L.B. Foster (NASDAQ:FSTR): Stifel Nicolaus initiated coverage of this company with a rating of Hold.

Current Price $43.68

FSTR

Investing Insights: Best Buy Adds to Mixed Retail Picture.