Apple is a Buy and 4 More Analyst Opinions to Know Now

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): Monness Crespi & Hardt reiterated its rating of Buy for this company and changed its price target from $670 to $520.

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AAPL

Seattle Genetics (NASDAQ:SGEN): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $32 to $40.

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SGEN

McDonald’s (NYSE:MCD): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $98 to $107.

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MCD

Penn Virginia (NYSE:PVA): Howard Weil reiterated its rating of Sector Outperform for this company and changed its price target from $8 to $9.

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PVA

Laboratory Corp (NYSE:LH): Maxim Group reiterated its rating of Buy for this company and changed its price target from $106 to $116.

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LH

Don’t Miss: Will Apple’s Next Few Quarters Be Weak?

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