Capital One Initiated at Outperform and 3 Initiated Stocks to Track
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:
Vivus (NASDAQ:VVUS): MLV & Co initiated coverage of this company with a rating of Buy and a price target of $40 >> $21.
Current Price $13.34