Adobe Gets a Thumbs Down and 4 More Analyst Downgrades to Know About

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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:

Aastrom Biosciences (NASDAQ:ASTM): MLV & Co downgraded its rating on this company from Buy to Hold and changed its price target from $5.5 to $1.5.

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