Mar 16, 2016

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It’s Never Too Late: Trading on Stock Downgrades:ITC Holdings Corp.(NYSE:ITC), Kinross Gold Corporation (USA)(NYSE:KGC), Goldcorp Inc. (USA)(NYSE:GG)

It’s Never Too Late: Trading on Stock Downgrades:ITC Holdings Corp.(NYSE:ITC), Kinross Gold Corporation (USA)(NYSE:KGC), Goldcorp Inc. (USA)(NYSE:GG)

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.

ITC Holdings Corp.(NYSE:ITC)received a stock rating downgrade from Deutsche Bankon Tuesday.In a note to investors, the firm issued a Hold rating and setthe target price on the stock of $43. The average analysts that follow this company have a Buy’ rating on this stock, according to Zacks Investment Research.3maintain strong buy rating, 0 set the stock as buy, 0 give underperform rating and 0 suggests selling.

Kinross Gold Corporation (USA)(NYSE:KGC)was dropped to Underperformfrom Neutralat Macquarie.It has earned a consensus Buyrating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 9 have assigned a hold rating, 1 says it’s a buy and 2 have assigned a strong buy rating to the company.

Goldcorp Inc. (USA)(NYSE:GG)shares were up 1.42% on Tuesday after analysts at Macquariedowngraded the stock to Neutralfrom Outperform.The stock has a consensus Buyrating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 6 have assigned a hold rating, 4 says it’s a buy, and 6 have assigned a strong buy rating to the company.

 

 

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