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Catch up on today's… Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) downgraded to Sell from Neutral at UBS and downgraded to Market Perform from Strong Buy at Raymond James. 2. BlackBerry (BB) downgraded to Underperform from Sector Perform at RBC Capital with analyst Paul Treiber saying the stock's valuation is now at multi-year highs and above peers despite no change to the company's fundamental outlook. 3. Izea (IZEA) downgraded to Sell from Neutral at Ladenburg with analyst Jon Hickman saying though Izea should see a "sequential uptick" in Q4 revenue and "rather robust" growth into 2022, the current market valuation "seems excessive," especially given that the company is unlikely to be operationally profitable until late this year and the majority of it sales remain with the lower margin Managed Service segment. 4. Kimberly-Clark (KMB) downgraded to Hold from Buy at Argus with analyst John Staszak saying the company's growth prospects are "limited" as it continues to face the challenges from weakness in the K-C Professional segment and unfavorable currency translation. 5. Pinduoduo (PDD) downgraded to Sector Weight from Overweight at KeyBanc with analyst Hans Chung noting that the share price has gone up 720% since his coverage in April 2019 and up 370% in 2020, driven by impressive top-line growth and multiple expansion. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | ||||
Jefferies analyst Kevin… Jefferies analyst Kevin Grundy raised the firm's price target on Kimberly-Clark to $156 from $152 and keeps a Buy rating on the shares after the company reported better than expected Q4 results and FY21 guidance. He sees the high-end of guidance as achievable and thinks more pricing actions from Kimberly-Clark are likely in 2021, the analyst noted. | ||||
RBC Capital analyst Nik… RBC Capital analyst Nik Modi lowered the firm's price target on Kimberly-Clark to $147 from $152 and keeps a Sector Perform rating on the shares. The company reported better than expected Q4 results, the analyst states, but "meaningful" input and freight cost increases are set to come. Modi lowers his FY21 EPS view for Kimberly-Clark to $7.94 from $8.06 to reflect the inflation costs within company guidance. | ||||
Argus analyst John… Argus analyst John Staszak downgraded Kimberly-Clark to Hold from Buy. The company's growth prospects are "limited" as it continues to face the challenges from weakness in the K-C Professional segment and unfavorable currency translation, the analyst tells investors in a research note. Staszak adds that Kimberly-Clark shares look "fairly valued" at 17.5-times his expected FY21 earnings as he lowers his EPS view by 15c to $8.00. | ||||
Argus analyst John… Argus analyst John Staszak downgraded Kimberly-Clark to Hold from Buy. | ||||
Citi analyst Wendy… Citi analyst Wendy Nicholson lowered the firm's price target on Kimberly-Clark to $122 from $127 and keeps a Sell rating on the shares. The analyst sees "numerous pressures on the business" from tough compares, higher commodity costs and ongoing reinvestment. | |
Sees gross margin… Sees gross margin "down somewhat more than that." |