Stifel analyst John Baugh downgraded Caesarstone to Hold from Buy and cut his price target on the shares to $12 from $19 after the company reporting Q4 results and provided fiscal 2020 guidance that were below Baugh's estimates. The analyst said that reaching EBITDA guidance has been "difficult" in recent years, and that while the U.S. market had another quarter of growth, as well as Europe, there was still weakness in the rest of the global markets due in part from China imports, the macro environment, and supply chain delays. Baugh added that the stock is inexpensive but until he sees growth in sales and EBITDA from all the actions the company is making, he is moving to the sidelines.