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Fly News Breaks for March 30, 2017
GT, SCWX, GWW, RH, LULU
Mar 30, 2017 | 10:38 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. lululemon (LULU) was downgraded to Neutral from Positive at Susquehanna and Citi, to Underperform from Neutral at BofA/Merrill, and to Market Perform from Outperform at Wells Fargo. 2. Restoration Hardware (RH) downgraded to Neutral from Buy at Goldman with analyst Matthew Fassler saying the stock is near his unchanged price target of $44. 3. Grainger (GWW) downgraded to Market Perform from Outperform at BMO Capital with analyst Scott Graham saying that its price cuts "are broader than we thought and the timing of their benefits seems less certain." 4. SecureWorks (SCWX) was downgraded to Underperform from Buy at BofA/Merrill, to Equal Weight from Overweight at Barclays, and to Neutral from Buy at Goldman. 5. Goodyear Tire (GT) downgraded to Neutral from Buy at Goldman with analyst David Tamberrino saying he believes current share valuation reflects the positive high value-add tire demand environment and price increase stickiness. However, Tamberrino sees near-term pricing uncertainty due to raw material price volatility and increased rebate activity. 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 LULU;RH;GWW;SCWX;GT From the Last 2 Days
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