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Fly News Breaks for January 17, 2019
PTEN, AEG, PHM, FDC, EA
Jan 17, 2019 | 10:20 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Electronic Arts (EA) downgraded to Hold from Buy at Jefferies with analyst Timothy O'Shea saying the company's key profit engine Ultimate Team is plateauing. 2. First Data (FDC) downgraded to Neutral from Buy at Goldman Sachs and Mizuho, to Neutral from Overweight at Atlantic Equities, and to Market Perform from Outperform at Keefe Bruyette. 3. PulteGroup (PHM) downgraded to Sell from Neutral at BTIG with analyst Carl Reichardt citing valuation, sell-side optimism, and growing margin pressure. 4. Aegon (AEG) downgraded to Sell from Neutral at Citi. 5. Patterson-UTI (PTEN) downgraded to Neutral from Overweight at JPMorgan with analyst Sean Meakim saying while the company's Q4 rig count exceeded guidance, its exposure to smaller Exploration & Production companies increases its potential rig losses in 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.