Apple Gets Praised and 4 More Analyst Upgrades To Know
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:
Apple (NASDAQ:AAPL): BGC Financial upgraded its rating on this company from Hold to Buy.
Meadowbrook Insurance Group (NYSE:MIG): Keefe, Bruyette & Woods upgraded its rating on this company from Market Perform to Outperform.
Marks & Spencer Group (NYSE:MKS): Espirito Santo Execution Noble upgraded its rating on this company from Sell to Neutral and changed its price target from GBX 310 to GBX 370.
Netflix (NASDAQ:NFLX): B Riley & Company, upgraded its rating on this company from Sell to Neutral and changed its price target from $90.00 to $165.00.
Nokia Co. (NYSE:NOK): Wedbush upgraded its rating on this company from Neutral to Outperform and changed its price target to $170.00.
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