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Fly News Breaks for August 9, 2019
SYNA, KHC, CDE, CDLX, MMS
Aug 9, 2019 | 10:11 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Maximus (MMS) downgraded to Market Perform from Outperform at Wells Fargo. 2. Cardlytics (CDLX) downgraded to Sector Weight from Overweight at KeyBanc with analyst Andy Hargreaves saying its Q2 results showed "solid momentum" in both MAU and ARPU even though the FY19 outlook was disappointing. 3. Coeur Mining (CDE) downgraded to Hold from Buy at Canaccord. 4. Kraft Heinz (KHC) downgraded to Sell from Neutral at Guggenheim with analyst Laurent Grandet saying the "new negative news" from yesterday's results is that the situation won't likely start to improve until next year at the earliest since new CEO Miguel Patricio's plan won't be implemented until early 2020. 5. Synaptics (SYNA) downgraded to Underweight from Neutral at JPMorgan and to Hold from Buy at Craig-Hallum. 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 MMS;CDLX;CDE;KHC;SYNA From the Last 2 Days
KHC
Apr 18, 2024 | 09:21 EDT
Deutsche Bank raised the firm's price target on Kraft Heinz to $43 from $42 and keeps a Buy rating on the shares ahead of the fiscal Q1 report.