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Fly News Breaks for March 30, 2016
NOAH, BBG, RGC, AMC, CNK, LSTR, VRNT
Mar 30, 2016 | 10:16 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Verint (VRNT) downgraded to Underperform and Hold at Credit Suisse and Deutsche Bank, respectively. Credit Suisse analyst Michael Nemeroff said the Q4 miss and 2017 guidance was worse than expected and said the company lacks near-term catalysts to drive shares higher. Deutsche Bank analyst Nandan Amladi added that the emerging market security business slowdown and lower than expected growth in enterprise to will hinder the company's future growth. 2. Landstar System (LSTR) downgraded to Underperform at Macquarie following the negative Q1 preannouncement citing weak volumes, lower than expected pricing, and higher insurance costs. 3. B. Riley downgraded AMC Entertainment (AMC), Cinemark (CNK) and Regal Entertainment (RGC), saying the recent rally in the sector is due for a pause into the "weak" Q2 trends. 4. Bill Barrett (BBG) downgraded to Hold at Canaccord citing valuation as the stock has more than doubled over the past month, surpassing the firm's NAV-driven price target in the process. 5. Noah Holdings (NOAH) downgraded to Neutral at JPMorgan by analyst Katherine Lei, who said the company's top-line growth is likely to slow. 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 VRNT;LSTR;CNK;AMC;RGC;BBG;NOAH From the Last 2 Days
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