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Fly News Breaks for April 13, 2017
FSV, DTEA, WIX, TLP, WFT
Apr 13, 2017 | 10:23 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Weatherford (WFT) downgraded to Neutral from Buy at Goldman Sachs with analyst Waqar Syed saying additional near-term catalysts are unlikely, first quarter consensus estimates are too high, cash flow remains weak and expects outflows in Q1, and does not expect any major strategy announcement on the Q1 call. 2. TransMontaigne (TLP) downgraded to Hold on valuation at Stifel with analyst Selman Akyol saying valuation reflects near-term earnings potential. 3. Wix.com (WIX) downgraded to Market Perform on valuation at Raymond James with analyst Aaron Kessler citing valuation following the year-to-date 67% move and 250% gain in the last year. 4. DAVIDsTEA (DTEA) downgraded to Hold from Buy at Lake Street with Chris Krueger citing management's warning that Q1 trends have deteriorated and the company expects a loss for the quarter. With the company now calling fiscal 2018 a "reset year," Krueger lowered his price target on DAVIDsTEA shares to $8 from $14. 5. FirstService (FSV) downgraded to Market Perform on valuation at Raymond James with analyst Frederic Bastien citing the year-to-date 37% gain in shares and raised his price target to $61 from $60. 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 WFT;TLP;WIX;DTEA;FSV From the Last 2 Days