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Fly News Breaks for March 23, 2016
MRKT, IHS, GLNCY, SNX, HFC, CDE
Mar 23, 2016 | 10:27 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Coeur Mining (CDE) downgraded to Sell at Deutsche Bank by analyst Jorge Beristain, who does not expect incrementally positive data from China to continue as he still believes supply cuts across most commodities are required. 2. HollyFrontier (HFC) downgraded to Sell at Goldman with analyst Neil Mehta expecting tight inland crude differentials to weigh on Mid-Con refiners and said HollyFrontier's valuation is full. Mehta expects the company to guide down capital return expectations and sees potential pressure from higher RINs pricing. 3. SYNNEX (SNX) downgraded to Underperform at Raymond James by analyst Brian Alexander, who cited limited upside to consensus estimates and views valuation as "stretched." 4. Glencore (GLNCY) downgraded to Hold and Market Perform at Deutsche Bank and BMO Capital, respectively, due to valuation. 5. IHS Inc. (IHS) downgraded to Neutral at SunTrust due to the belief that Markit's (MRKT) businesses are "less defensible" than those of IHS. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For CDE;HFC;SNX;GLNCY;IHS;MRKT From the Last 2 Days
CDE
Apr 22, 2024 | 09:47 EDT
Coeur Mining is down -9.8%, or -44c to $4.06.