On Wall Street, analyst downgrades often trigger alarm bells, leading to short-term declines in the share price of such downgraded stocks. Yet many investors regard those analyst downgrades as potential long-term stocks to buy. In fact, a 2012 study involving 11,000 global analysts revealed surprisingly low accuracy rates for target prices. Analysts were correct only 30% of the time with 12-month targets and a mere 18% with short-term forecasts. In other words, downgrades frequently lead to a sh
Marathon, Ovintiv and Delek US Holdings are included in this Analyst Blog.
MPC, OVV and DK are three energy stocks that investors may want to keep an eye on for a possible run-up following the market correction.