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
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
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
L.B. Foster (NASDAQ:FSTR): Stifel Nicolaus initiated coverage of this company with a rating of Hold.
Current Price $43.68
Investing Insights: Best Buy Adds to Mixed Retail Picture.