Top Analyst Downgrades and Stocks to Sell: Chesapeake, Potash, Harmony and More

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By Jon C. Ogg Published
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Investors are looking for bargain stocks but also trying to decide which stocks they should get out of, now that interest rates have risen and stocks have slid. These same investors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms. What they often do not get to see is when analyst downgrade stocks to sell or to avoid. 24/7 Wall St. reviews many fresh research calls each and every day to find great ideas from value stocks to growth stocks to dividend stocks, and we have broken out the negative analyst calls today. These are this Wednesday’s top analyst downgrades and cautious research notes from Wall Street.

Agrium Inc. (NYSE: AGU) was downgraded to Neutral from Overweight at HSBC.

Chesapeake Energy Corp. (NYSE: CHK) was downgraded to Neutral from Positive now that shares are over $25 by Susquehanna.

Harmony Gold Mining Co. Ltd. (NYSE: HMY) was downgraded to Sell from an already cautious Neutral rating at UBS.

Mosaic Co. (NYSE: MOS) was downgraded to Underweight from Neutral at HSBC.

Potash Corp. of Saskatchewan Inc. (NYSE: POT) was downgraded to Underweight from Overweight at HSBC.

Speaking of out of favor stocks potentially creating a value situation, we have identified five big stocks trading under book value for you value investors.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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