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Fly News Breaks for June 15, 2016
INFI, TSO, WFM, BBY, CSCO
Jun 15, 2016 | 10:30 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cisco (CSCO) downgraded to Neutral from Buy at Goldman with analyst Simona Jankowski saying consensus estimates have "modest downside risk." Jankowski expects Cisco's earnings growth to decelerate through fiscal 2018 as server share gains level off and buybacks slow. 2. Best Buy (BBY) downgraded to Neutral from Outperform at Credit Suisse with analyst Seth Sigman arguing concerns over Best Buy's second half of 2016 top line expectations saying the mobile category may not deliver the improvement needed to hit fourth quarter comps estimates, the company is lapping market share benefits from Sears, Radio Shack, hhgregg and others, and Q4 expectations assume a Q4 improvement, but visibility is lacking. 3. Whole Foods (WFM) downgraded to Sell from Neutral at Northcoast with the firm saying Whole Foods has to deal with a shift in the company's competitive position as it is no longer alone in selling high-quality organic/natural/fresh foods and notes the proliferation of locations has matured Whole Foods quickly. 4. Tesoro (TSO) downgraded to Neutral from Outperform at Credit Suisse with analyst Edward Westlake saying the company's West Coast margins have underperformed despite strong vehicle miles traveled while the mid-con business faces narrower crude advantages. 5. Infinity Pharmaceuticals (INFI) downgraded to Market Perform at Wells Fargo, to Market Perform at William Blair, to Hold from Buy at Jefferies, and to Sector Perform from Outperform at RBC Capital. 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 CSCO;BBY;WFM;TSO;INFI From the Last 2 Days
CSCO
Apr 22, 2024 | 16:28 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CSCO
Apr 22, 2024 | 12:15 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here