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Fly News Breaks for February 3, 2020
NOC, VIAC, VZ, XOM, EA
Feb 3, 2020 | 10:13 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Northrop Grumman (NOC) double-downgraded to Sell from Buy at Goldman Sachs with analyst Noah Poponak saying while the company saw "multiple new large program wins," its 2019 revenue was below its target and its growth rate was also less than the industry. 2. Electronic Arts (EA) downgraded to Market Perform from Outperform at BMO Capital with analyst Gerrick Johnson saying the shares "could stall" as the Street grows concerned over uncertainty around monetization of current titles and a "haphazard" fiscal 2021 lineup. 3. Exxon Mobil (XOM) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying after the company's Q4 results, the analyst sees downside to long-term consensus estimates, an elevated relative valuation versus peers, a lack of free cash flow limiting capital returns, and risk to long-term return on capital employed targets. 4. Verizon (VZ) downgraded to Neutral from Outperform at Credit Suisse with analyst Douglas Mitchelson saying he does not see any near-term catalysts for the shares. 5. ViacomCBS (VIAC) downgraded to Neutral from Outperform at Credit Suisse with analyst Douglas Mitchelson citing the "second meaningful" downward free cash flow revision post the Viacom/CBS merger announcement for the downgrade. 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 EA;XOM;VZ;VIAC;NOC From the Last 2 Days
NOC
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NOC
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