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Fly News Breaks for May 26, 2016
OXLC, EGN, CMG, HBAN, BMO
May 26, 2016 | 10:18 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bank of Montreal (BMO) downgraded to Hold at Canaccord and at TD Securities, with analysts citing the lower than expected Q2 earnings report and moderating earnings growth in the domestic P&C driven by lower margins and leverage. 2. Huntington Bancshares (HBAN) downgraded to Neutral at Baird as the firm believes near-term upside is limited given the stock's roughly 30% increase since January. 3. Chipotle (CMG) downgraded to Neutral from Buy at Cleveland Research. 4. Energen (EGN) downgraded to Accumulate at KLR Group citing valuation with the stock up over 100% since mid-February. 5. Oxford Lane (OXLC) downgraded to Sell at Maxim with analyst Michael Diana saying lower NAV/equity kept leverage above 100% and sees a downward bias in NAV. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.