Apple Price Target Is Cut and 4 More Analyst Downgrades 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): BMO Capital Markets downgraded its rating on this company from Outperform to Market Perform and changed its price target from $440 to $435.
AGL Resources (NYSE:AGL): BMO Capital Markets downgraded its rating on this company to Underperform.
Amgen (NASDAQ:AMGN): Piper Jaffray downgraded its rating on this company from Overweight to Neutral and changed its price target to $107.
Cree (NASDAQ:CREE): Gabelli downgraded its rating on this company from Buy to Hold.
Discover Financial Services (NYSE:DFS): Jefferies Group downgraded its rating on this company from Buy to Hold and changed its price target to $49.
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