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Fly Intel: Top five analyst downgrades » 09:53
04/15/21
04/15
09:53
04/15/21
09:53
INTC

Intel

$64.14 /

-0.08 (-0.12%)

, VMW

VMware

$154.50 /

-0.99 (-0.64%)

, KSU

Kansas City Southern

$262.01 /

+1.15 (+0.44%)

, CAPL

CrossAmerica

$19.49 /

+0.04 (+0.21%)

, PXD

Pioneer Natural

$150.74 /

-2.39 (-1.56%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Underperform from Market Perform at Raymond James with analyst Chris Caso saying the risk that Intel won't reach its goals under new leadership, and also the pain they will likely endure in pursuit of that goal in terms of capex, lost market share, and a shifting landscape in datacenter that will make the industry less dependent on Intel. 2. VMware (VMW) downgraded to Market Perform from Outperform at Northland with analyst Nehal Chokshi saying the spinoff from Dell Technologies (DELL) should result in an governance structure theoretically and improved partner ecosystem, but this his unlikely on a practical basis, noting the spin proposal reduces VMware's financial flexibility and introduces incremental risks to business. 3. Kansas City Southern (KSU) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Allison Poliniak-Cusic viewing the probability of the merger proceeding as greater than 50%, and believes another potential bidder is unlikely to step in. 4. CrossAmerica (CAPL) downgraded to Market Perform from Outperform at Raymond James with analyst Justin Jenkins citing valuation and a more balanced risk/reward. 5. Pioneer Natural (PXD) downgraded to Sector Perform from Outperform at Scotiabank with analyst Paul Cheng saying management is repositioning the company to "the right business model," but the shares appear to have largely reflected these favorable developments. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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VMW VMware
$154.50 /

-0.99 (-0.64%)

PXD Pioneer Natural
$150.74 /

-2.39 (-1.56%)

KSU Kansas City Southern
$262.01 /

+1.15 (+0.44%)

INTC Intel
$64.14 /

-0.08 (-0.12%)

INTC Intel
$64.14 /

-0.08 (-0.12%)

04/15/21 Argus
Lam Research price target raised to $725 from $625 at Argus
04/15/21 Raymond James
Intel downgraded to Underperform from Market Perform at Raymond James
04/15/21 Raymond James
AMD initiated with an Outperform at Raymond James
04/15/21 Raymond James
Intel downgraded to Underperform from Market Perform at Raymond James
VMW VMware
$154.50 /

-0.99 (-0.64%)

04/15/21 Evercore ISI
Dell Technologies price target raised to $110 from $105 at Evercore ISI
04/15/21 Wells Fargo
Dell Technologies price target raised to $120 from $90 at Wells Fargo
04/15/21 Northland
VMware downgraded to Market Perform from Outperform at Northland
04/15/21 Credit Suisse
Dell Technologies price target raised to $95 from $80 at Credit Suisse
KSU Kansas City Southern
$262.01 /

+1.15 (+0.44%)

04/15/21 Wells Fargo
Kansas City Southern downgraded to Equal Weight from Overweight at Wells Fargo
04/15/21 Barclays
Canadian Pacific upgraded to Overweight from Equal Weight at Barclays
04/15/21 Wells Fargo
Kansas City Southern downgraded to Equal Weight from Overweight at Wells Fargo
04/06/21 Susquehanna
Canadian Pacific-KSU deal should clear regulatory hurdles, says Susquehanna
CAPL CrossAmerica
$19.49 /

+0.04 (+0.21%)

04/15/21 Raymond James
CrossAmerica downgraded to Market Perform at Raymond James on valuation
04/15/21 Raymond James
CrossAmerica downgraded to Market Perform from Outperform at Raymond James
11/30/20 Wells Fargo
CrossAmerica downgraded to Underweight from Equal Weight at Wells Fargo
08/18/20 RBC Capital
CrossAmerica price target raised to $17 from $15 at RBC Capital
PXD Pioneer Natural
$150.74 /

-2.39 (-1.56%)

04/15/21 Scotiabank
Scotiabank downgrades Pioneer Natural to Sector Perform amid sector shake-up
04/15/21 Scotiabank
Pioneer Natural downgraded to Sector Perform from Outperform at Scotiabank
04/08/21 Truist
Diamondback Energy price target raised to $115 from $105 at Truist
04/06/21
Fly Intel: Top five analyst downgrades
VMW VMware
$154.50 /

-0.99 (-0.64%)

PXD Pioneer Natural
$150.74 /

-2.39 (-1.56%)

KSU Kansas City Southern
$262.01 /

+1.15 (+0.44%)

INTC Intel
$64.14 /

-0.08 (-0.12%)

VMW VMware
$154.50 /

-0.99 (-0.64%)

PXD Pioneer Natural
$150.74 /

-2.39 (-1.56%)

KSU Kansas City Southern
$262.01 /

+1.15 (+0.44%)

INTC Intel
$64.14 /

-0.08 (-0.12%)

VMW VMware
$154.50 /

-0.99 (-0.64%)

PXD Pioneer Natural
$150.74 /

-2.39 (-1.56%)

KSU Kansas City Southern
$262.01 /

+1.15 (+0.44%)

INTC Intel
$64.14 /

-0.08 (-0.12%)

VMW VMware
$154.50 /

-0.99 (-0.64%)

PXD Pioneer Natural
$150.74 /

-2.39 (-1.56%)

KSU Kansas City Southern
$262.01 /

+1.15 (+0.44%)

INTC Intel
$64.14 /

-0.08 (-0.12%)

Downgrade
CrossAmerica downgraded to Market Perform at Raymond James on valuation » 06:50
04/15/21
04/15
06:50
04/15/21
06:50
CAPL

CrossAmerica

$19.56 /

+0.04 (+0.20%)

Raymond James analyst…

Raymond James analyst Justin Jenkins downgraded CrossAmerica to Market Perform from Outperform without a price target, citing valuation and a more balanced risk/reward. Although Jenkins believe CrossAmerica remains in a healthy operational position moving forward, considering the macro volatility that remains, after reaching the firm's prior target price, sees better risk/reward opportunities elsewhere in the space, the analyst tells investors in a research note.

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CAPL CrossAmerica
$19.56 /

+0.04 (+0.20%)

04/15/21 Raymond James
CrossAmerica downgraded to Market Perform from Outperform at Raymond James
11/30/20 Wells Fargo
CrossAmerica downgraded to Underweight from Equal Weight at Wells Fargo
08/18/20 RBC Capital
CrossAmerica price target raised to $17 from $15 at RBC Capital
Downgrade
CrossAmerica downgraded to Market Perform from Outperform at Raymond James » 05:26
04/15/21
04/15
05:26
04/15/21
05:26
CAPL

CrossAmerica

$19.56 /

+0.04 (+0.20%)

Raymond James analyst…

Raymond James analyst Justin Jenkins downgraded CrossAmerica Partners to Market Perform from Outperform without a price target.

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CAPL CrossAmerica
$19.56 /

+0.04 (+0.20%)

11/30/20 Wells Fargo
CrossAmerica downgraded to Underweight from Equal Weight at Wells Fargo
08/18/20 RBC Capital
CrossAmerica price target raised to $17 from $15 at RBC Capital
Over a quarter ago
Downgrade
CrossAmerica downgraded to Underweight from Equal Weight at Wells Fargo » 05:52
11/30/20
11/30
05:52
11/30/20
05:52
CAPL

CrossAmerica

$17.51 /

+0.165 (+0.95%)

Wells Fargo analyst Ned…

Wells Fargo analyst Ned Baramov downgraded CrossAmerica to Underweight from Equal Weight with a $15 price target. For "the first time in a long time," the analyst is bullish midstream heading into 2021. He sees a "number of tailwinds" driving outperformance next year including a vaccine-driven crude rally, a bullish setup for both gas and natural gas prices, rotation into value over growth, and long-term opportunities around renewables. Baramov's rating changes reflect a shift to more volume and price sensitive beta names with downgrades of more defensive, fee-based stocks.

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CAPL CrossAmerica
$17.51 /

+0.165 (+0.95%)

08/18/20 RBC Capital
CrossAmerica price target raised to $17 from $15 at RBC Capital
01/17/20 Wells Fargo
CrossAmerica upgraded to Equal Weight from Underweight at Wells Fargo
01/17/20 Wells Fargo
CrossAmerica upgraded to Equal Weight from Underweight at Wells Fargo
01/07/20 Wells Fargo
CrossAmerica downgraded to Underweight at Wells Fargo
Recommendations
CrossAmerica price target raised to $17 from $15 at RBC Capital » 06:50
08/18/20
08/18
06:50
08/18/20
06:50
CAPL

CrossAmerica

$16.20 /

+0.1 (+0.62%)

RBC Capital analyst…

RBC Capital analyst Elvira Scotto raised the firm's price target on CrossAmerica to $17 from $15 but keeps a Sector Perform rating on the shares. The analyst notes that the company's Q2 results topped expectations on same-store basis while volumes improved from the pandemic-lows. Scotto expects CrossAmerica's volumes to slowly improve further in the 2nd half of this year, though she also sees a risk that prolonged shelter-in-place orders nationwide will crimp gasoline demand.

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CAPL CrossAmerica
$16.20 /

+0.1 (+0.62%)

01/17/20 Wells Fargo
CrossAmerica upgraded to Equal Weight from Underweight at Wells Fargo
01/17/20 Wells Fargo
CrossAmerica upgraded to Equal Weight from Underweight at Wells Fargo
01/07/20 Wells Fargo
CrossAmerica downgraded to Underweight at Wells Fargo
01/07/20 Wells Fargo
CrossAmerica downgraded to Underweight from Equal Weight at Wells Fargo
CAPL CrossAmerica
$16.20 /

+0.1 (+0.62%)

Earnings
CrossAmerica withdraws FY20 guidance » 16:46
05/06/20
05/06
16:46
05/06/20
16:46
CAPL

CrossAmerica

$13.25 /

+0.105 (+0.80%)

CrossAmerica Partners is…

CrossAmerica Partners is withdrawing its FY20 guidance in light of the current COVID-19 crisis given the uncertainty surrounding the duration and extent of its associated economic impact.

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CAPL CrossAmerica
$13.25 /

+0.105 (+0.80%)

01/17/20 Wells Fargo
CrossAmerica upgraded to Equal Weight from Underweight at Wells Fargo
01/17/20 Wells Fargo
CrossAmerica upgraded to Equal Weight from Underweight at Wells Fargo
01/07/20 Wells Fargo
CrossAmerica downgraded to Underweight at Wells Fargo
01/07/20 Wells Fargo
CrossAmerica downgraded to Underweight from Equal Weight at Wells Fargo
Earnings
CrossAmerica reports Q1 EPS $2.00, may not compare to consensus 10c » 16:46
05/06/20
05/06
16:46
05/06/20
16:46
CAPL

CrossAmerica

$13.25 /

+0.105 (+0.80%)

Reports Q1 revenue…

Reports Q1 revenue $391.69M, consensus $487.85M.

ShowHide Related Items >><<
CAPL CrossAmerica
$13.25 /

+0.105 (+0.80%)

01/17/20 Wells Fargo
CrossAmerica upgraded to Equal Weight from Underweight at Wells Fargo
01/17/20 Wells Fargo
CrossAmerica upgraded to Equal Weight from Underweight at Wells Fargo
01/07/20 Wells Fargo
CrossAmerica downgraded to Underweight at Wells Fargo
01/07/20 Wells Fargo
CrossAmerica downgraded to Underweight from Equal Weight at Wells Fargo

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