Polycom Downgraded to Hold and 4 Downgraded Stocks to Watch

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:

Itron (NASDAQ:ITRI): Needham downgraded its rating on this company from Buy to Hold.

Current Price $43.07

ITRI

Time Warner Cable (NYSE:TWC): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform.

Current Price $86.91

TWC

Endeavour Intl (NYSE:END): Wunderlich downgraded its rating on this company from Buy to Sell and changed its price target from $9 to $3.

Current Price $3.53

END

Polycom (NASDAQ:PLCM): Stifel Nicolaus downgraded its rating on this company from Buy to Hold.

Current Price $10.07

PLCM

NVIDIA (NASDAQ:NVDA): Needham downgraded its rating on this company from Buy to Hold.

Current Price $12.58

NVDA

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