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Fly News Breaks for August 7, 2019
SITE, PTEN, QUOT, CASY, ARMK
Aug 7, 2019 | 10:15 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Aramark (ARMK) downgraded to Neutral from Outperform at Baird and to Hold from Buy at Stifel. 2. Casey's General Stores (CASY) downgraded to Hold from Buy at Gabelli. 3. Quotient Technology (QUOT) downgraded to Underperform from Neutral at BofA/Merrill, to Neutral from Buy at Dougherty, and to Outperform from Strong Buy at First Analysis. 4. Patterson-UTI (PTEN) downgraded to Sector Perform from Outperform at Scotiabank. 5. SiteOne Landscape (SITE) downgraded to Hold from Buy at Berenberg with analyst Alex Maroccia saying he believes weather has hampered the company's ability to deliver the top end of its full-year adjusted EBITDA target of $207M. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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