Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Irsa Propiedades (IRCP) downgraded to Neutral from Overweight at JPMorgan with analyst Marcelo Motta citing the company's weaker outlook. 2. Fang Holdings (SFUN) downgraded to Neutral from Outperform at Credit Suisse. 3. Connecticut Water (CTWS) downgraded to Sell from Neutral at UBS with analyst Daniel Ford saying he sees the stock's risk/reward as skewed to the downside. 4. Bank of Nova Scotia (BNS) downgraded to Hold from Buy at Canaccord. 5. Capital Product (CPLP) and Realty Income (O) were downgraded to Neutral from Buy at Janney Montgomery Scott. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Irsa Propiedades downgraded to Neutral from Overweight at JPMorgan. JPMorgan analyst Marcelo Motta downgraded Irsa Propiedades Comerciales to Neutral and lowered his price target for the shares to $34 from $56 citing the company's weaker outlook.