Mar 8, 2016

Posted by in Stock Reports | 0 Comments

It’s Never Too Late: Trading on Stock Downgrades: Starwood Hotels & Resorts Worldwide Inc (HOT), Calpine Corporation (CPN), AngloGold Ashanti Limited (AU)

It’s Never Too Late: Trading on Stock Downgrades: Starwood Hotels & Resorts Worldwide Inc (HOT), Calpine Corporation (CPN), AngloGold Ashanti Limited (AU)

Analysts have been actively evaluating companies as long as there have been stocks, but they’re more popular and get more exposure than ever thanks to round-the-clock stock market news and online resources. Analysts’ notoriety has also increased. But while analysts typically have similar credentials, they aren’t all the same.

The reputation and credibility of a company and the research firm depends on the efforts they make to inform investors. A company does not want to be tarnished by being associated with disreputable research. Similarly, a research firm will only want to analyze companies that have strong fundamentals and long-term investment potential.

Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) received a stock rating downgrade from Miller Tabak on Tuesday. In a note to investors, the firm issued a Sell rating. The average analysts that follow this company have a ‘Buy’ rating on this stock, according to Zacks Investment Research. Three maintain strong buy rating, 1 set the stock as buy, 1 give underperform rating and Zero suggests selling.

Calpine Corporation (NYSE:CPN) was dropped to Hold from Buy at Argus. It has earned a consensus Strong Buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 2 have assigned a hold rating, 2 say it’s a buy and 4 have assigned a strong buy rating to the company.

AngloGold Ashanti Limited (NYSE:AU) shares were up 3.64 % after analysts at RBC Capital Mkts downgraded the stock to Sector Perform from Outperform. The stock has a consensus Strong Buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 1 has assigned a hold rating, Zero says it’s a buy, and 2 have assigned a strong buy rating to the company.

 

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