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:
Thermo Fisher (NYSE:TMO): ISI Group reiterated its rating of Buy for this company and changed its price target from $90 to $92.5.
Edwards Lifesciences (NYSE:EW): Canaccord Genuity reiterated its rating of Buy for this company and changed its price target from $115 to $85. UBS reiterated its rating of Sell for this company and changed its price target from $82 to $64. Wunderlich reiterated its rating of Hold for this company and changed its price target from $98 to $74.
Juniper Networks (NYSE:JNPR): MKM Partners reiterated its rating of Neutral for this company and changed its price target from $20 to $18. Mizuho reiterated its rating of Neutral for this company and changed its price target from $22 to $20. UBS reiterated its rating of Neutral for this company and changed its price target from $22 to $18.
Columbia Sportswear (NASDAQ:COLM): Canaccord Genuity reiterated its rating of Hold for this company and changed its price target from $45 to $48.
Don’t Miss: Are Gun Stocks Ignoring Obama and Congress?
Read the original article from The Cheat Sheet
