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Fly News Breaks for February 19, 2016
DUK, EPE, TRN, UPL, BBY
Feb 19, 2016 | 10:17 EDT
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. Best Buy (BBY) downgraded to Neutral at Goldman by analyst Matthew Frassler, who said that the strength in TV sales will be offset by a "sluggish" wireless market. 2. UPL Petroleum (UPL) double downgraded to Sell at KLR Group by analyst John Gerdes, who said the company's debt capitalization is no longer viable. 3. Trinity Industries (TRN) downgraded to Underweight at BB&T by analyst Thomas Albrecht, who expects a decline at the company's earnings outlook. Albrecht estimates tangible book value at $19.35 could attract some value investors, but does not see any catalysts to change the earnings outlook. 4. EP Energy (EPE) downgraded to Hold and Neutral at Topeka and UBS, respectively, with analysts citing balance sheet concerns and mixed Q4 results. Topeka analyst Gabriele Sorbara added that she does not see any near-term catalysts for an improvement in its leverage or outspend position as management may have missed its opportunity to sell/JV assets or issue equity. 5. Duke Energy (DUK) downgraded to Neutral at JPMorgan by analyst Christopher Turnure, who cited the company's "disappointing" core business outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.