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:
Coca-Cola (NYSE:KO): UBS reiterated its rating of Neutral for this company and changed its price target from $41 to $45.
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W.W. Grainger (NYSE:GWW): UBS reiterated its rating of Neutral for this company and changed its price target from $213 to $240.
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Juniper Networks (NYSE:JNPR): MKM Partners reiterated its rating of Neutral for this company and changed its price target from $22.5 to $20.
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Renewable Energy (NASDAQ:REGI): UBS reiterated its rating of Buy for this company and changed its price target from $8.5 to $10.
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