Verizon Upgraded to Buy and 3 Upgraded Ratings to Note

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:

Verizon (NYSE:VZ): Canaccord Genuity upgraded its rating on this company from Hold to Buy and changed its price target to $50.

Current Price $42.74

VZ

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Penske Auto (NYSE:PAG): KeyBanc Capital Mkts upgraded its rating on this company from Hold to Buy and changed its price target to $36.

Current Price $32.34

PAG

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Group 1 Auto (NYSE:GPI): KeyBanc Capital Mkts upgraded its rating on this company from Hold to Buy and changed its price target to $77.

Current Price $68.00

GPI

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Middleby (NASDAQ:MIDD): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target from $136 to $154.

Current Price $140.16

MIDD

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