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Fly News Breaks for July 10, 2017
DKS, COST, WAT, FIVE, INTC
Jul 10, 2017 | 10:12 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Underperform from Hold at Jefferies with analyst Mark Lipacis saying the chipmaker's Xeon/Xeon PHI platform is disadvantaged versus Nvidia (NVDA) in emerging parallel workloads like deep neural networking. 2. Five Below (FIVE) downgraded to Neutral from Buy at UBS with analyst Michael Lasser saying he expects the shares to be range-bound in the near-term as the company manages through the "fading of the fidget spinner trend." 3. Waters (WAT) downgraded to Hold from Buy at Deutsche Bank with analyst Dan Leonard citing valuation with the shares up 37% year-to-date. 4. Costco (COST) downgraded to Market Perform from Outperform at BMO Capital. 5. Dick's Sporting (DKS) downgraded to Neutral from Buy at Cleveland Research with analyst Daryl Boehringer citing industry headwinds, particularly in apparel, which leaves him more cautious on second quarter comparables and margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.