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Fly News Breaks for March 5, 2018
VEC, MSCC, LPNT, FNSR, AMAG
Mar 5, 2018 | 10:15 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Amag Pharmaceuticals (AMAG) downgraded to Hold from Buy at Jefferies with analyst Eun Yang citing valuation. 2. Finisar (FNSR) downgraded to Outperform from Strong Buy at Raymond James. 3. LifePoint (LPNT) downgraded to Market Perform from Outperform at Leerink with analyst Ana Gupte saying increased investments over the next 12 months to capture additional volume growth will challenge free cash flow and share price appreciation. 4. Microsemi (MSCC) downgraded to Sector Weight from Overweight at KeyBanc, to Neutral from Buy at Mizuho and to Market Perform from Outperform at BMO Capital. 5. Vectrus (VEC) downgraded to Hold from Buy at Drexel Hamilton with the firm citing valuation. click here.
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