Analyst upgrades aren’t gospel. But retail investors should pay close attention to the way top analysts and “smart money” operators position themselves in today’s economic climate.
Therefore, investors should take note when analysts upgrade stocks today. Sure, upgrades are easy in an era of “stocks go up.” Yet, they’re harder to justify when compressed margins and reduced profitability pressure growth sectors. Likewise, analysts offering upgrades do so with greater due diligence than they may have in the past.
Analysts upgraded these three companies this week, so investors should pay attention to their reasoning.
This post appeared first on InvestorPlace.