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Autohome falls -9.8%
Autohome is down -9.8%, or -$8.08 to $74.51.
On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Underweight from Equal Weight at Barclays with analyst Blayne Curtis saying end-market tailwinds that propelled the run in shares, namely PC shortages and the slowing of server growth, are likely to reverse. 2. Chipotle (CMG) downgraded to Underperform from Perform at Oppenheimer with analyst Brian Bittner saying since its new CEO announcement in February, Chipotle is up 82% and has been upgraded 10 different times by the Street. 3. AMD (AMD) downgraded to Neutral from Outperform at Baird with analyst Tristan Gerra saying while the company's fundamentals continue to improve, he believes expectations and valuation are high. 4. Huntsman (HUN) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying he sees a lack of near-term catalysts for the next few quarters "in the backdrop of a well-telegraphed normalization in MDI profits." 5. Autohome (ATHM) downgraded to Sell from Hold at 86 Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
Autohome price target lowered to $105 from $125 at Benchmark
Benchmark analyst Fawne Jiang lowered her price target on Autohome shares to $105 from $125 despite what she called "another solid quarter," due to cutting her estimates related to a slowdown in overall auto industry growth. However, she expects the company to maintain core business growth with continued wallet share gains and keeps a Buy rating on Autohome.
Autohome initiated with an Outperform at Macquarie
On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Autohome (ATHM) initiated with an Outperform at Macquarie. 2. Livent (LTHM) initiated with a Buy at HSBC while Albemarle (ALB) was initiated with a Hold. 3. Career Education (CECO) initiated with an Outperform at Barrington. 4. NRC Group (NRCG) initiated with a Buy at Stifel. 5. Waitr Holdings (WTRH) initiated with a Buy at Craig-Hallum. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage,
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