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Fly News Breaks for January 17, 2017
OUT, JWN, CMG, JPM, TWTR
Jan 17, 2017 | 09:58 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Twitter (TWTR) downgraded to Neutral from Buy at UBS with analyst Eric Sheridan downgrading Twitter after he lowered his advertising revenue estimates for 2017 and 2018 to reflect lower advertising ARPU paired with muted core MAU growth. Sheridan lowered his price target to $18 from $22 on Twitter shares. 2. JPMorgan (JPM) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Brian Kleinhanzl saying he does not see near-term earnings catalysts to move JPMorgan's returns and earnings meaningfully higher absent tax reform or broad-scale deregulation and is downgrading the stock to Market Perform from Outperform as he prefers to take a wait-and-see approach. Kleinhanzl edged his price target on JPMorgan shares up to $89 from $88. 3. Chipotle (CMG) downgraded to Neutral from Overweight at JPMorgan with analyst John Ivankoe saying that his attendance at the ICR Conference underscored the difficult environment hitting many operating companies, including Chipotle. 4. Nordstrom (JWN) downgraded to Hold from Buy at Stifel with with analyst Richard Jaffe saying he believes that the company's holiday sales were weaker than previously expected. 5. OUTFRONT Media (OUT) downgraded to Neutral from Buy at Goldman with analyst Drew Borst citing valuation. 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 TWTR;JPM;CMG;JWN;OUT From the Last 2 Days
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