Despite all the current market uncertainty, Wall Street analyst stock calls are still happening. Between Oct. 24 and 26, MarketBeat reported that there were 53 upgrades of U.S.-listed stocks.
Analyst upgrades and downgrades have become cannon fodder for retail investors trying to find an edge over their institutional counterparts. Google the words “analyst upgrades downgrades,” and you’ll get around 20,000 results on any given day. People can’t get enough of this stuff despite the fact they’re not very meaningful in the big picture.
So, take these three analyst stock calls with a grain of salt. Your thorough due diligence will go much further toward generating reasonable investment returns.
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