Apr 1, 2016

Posted by in Stock Reports | 0 Comments

Watch these 3 stock Downgrades for investment ideas:ING Groep NV (ADR) (NYSE:ING), Micron Technology, Inc. (NASDAQ:MU), Rackspace Hosting, Inc. (NYSE:RAX)

Watch these 3 stock Downgrades for investment ideas:ING Groep NV (ADR) (NYSE:ING), Micron Technology, Inc. (NASDAQ:MU), Rackspace Hosting, Inc. (NYSE:RAX)

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.

ING Groep NV (ADR) (NYSE:ING) received a stock rating downgrade from Morgan Stanley on Thursday.In a note to investors, the firm issued anUnderweightrating. The average analysts that follow this company have a ‘Buy’ rating on this stock, according to Zacks Investment Research. 2 maintain strong buy rating, 0 set the stock as buy, 0 give underperform rating and 0 suggests selling.

Micron Technology, Inc. (NASDAQ:MU) was dropped to Mkt Perform from Outperform at Bernstein. It has earned a consensus Strong Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 6 have assigned a hold rating, 2 says it’s a buy and 11 have assigned a strong buy rating to the company.

Rackspace Hosting, Inc. (NYSE:RAX) shares were up 2.61% on Thursday after analysts at Credit Agricoledowngraded the stock to Sell from Underperform. The stock has a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 8 have assigned a hold rating, 1 says it’s a buy, and 6 have assigned a strong buy rating to the company.

 

 

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