Upgrades for MON, 19 DEC 22 (we had only three uprades to BUY, the only upgrades I care about) and here are the three: $AEL, $MRNA, and $PNR
Dowgrades are just as important to monitor for sectors losing strength of tip offs that analysts following an issue might find something very bearish which people on Motley Fool might be slower to discover. (If you trade to the short side, which I occassionally do, I usually find good prospects from any issue scoring a SELL downgrade, such as ATT $T this morning? Who downgraded $T?
**Go to finviz screender and punch in the symbol T and scroll down. This tells us Moffett/Nathanson downgraded $T to underperform (SELL) and issued a $17 PT. Why? **
Look below those listed analyst gradings and you’ll see the latest headlines for $T. Somewhere in there you’ll find the reason’s this analyst downgraded $T to a SELL.
After that sidetrip, let’s get back to ratings. Here are the brand new Initiations of Coverage. I pay attention to BUYS and OUTPERFORMS. Also, the occassional SELL when analyst starts following a stock? Usually, you know, it’s going to be a heavy hitter who was swayed by say a Micheale Burry, the Fed, or a loose cannon CEO. Those are fun to backtrack on.
Anyway, no SELL initiations, but a handful of BUYs and OUTPERFORMs. All worth investigating to see what caught the analyst’s eyes, and many times, it’s stuff no one twitter or fool are sharing.
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