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Fly News Breaks for January 28, 2020
AIV, VVNT, FL, DDD, BYND
Jan 28, 2020 | 10:13 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Beyond Meat (BYND) downgraded to Neutral from Overweight at JPMorgan with analyst Ken Goldman citing valuation. 2. 3D Systems (DDD) downgraded to Neutral from Overweight at Piper Sandler with analyst Troy Jensen saying he sees limited upside from current valuations and limited 2020 catalysts after his Q4 reseller survey indicated "another struggle this quarter" for 3D Systems. 3. Foot Locker (FL) downgraded to Market Perform from Outperform at Telsey Advisory. 4. Vivint Smart Home (VVNT) downgraded to In-Line from Outperform at Imperial Capital with analyst Jeff Kessler citing valuation. 5. Aimco (AIV) downgraded to Market Perform from Outperform at BMO Capital with analyst John Kim downgraded saying he believes that the REIT may trade range-bound or possibly lower because of its exposure to California markets, where the likelihood of passing of Proposition 10 in November will limit rental increases. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.