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HD

Home Depot

$218.16 /

-0.55 (-0.25%)

, SON

Sonoco Products

$64.48 /

-0.005 (-0.01%)

10:20
07/16/19
07/16
10:20
07/16/19
10:20

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Home Depot (HD) downgraded to Hold from Buy at Gabelli with analyst Alvaro Lacayo citing valuation. 2. Sonoco (SON) downgraded to Underperform from Market Perform at BMO Capital with analyst Mark Wilde saying the the stock has run up 21% year-to-date and now trades at about 10.5-times his expected FY19 EBITDA and at 6.1% free cash flow yield, both of which are at the high end of their historical valuation ranges. 3. Parker-Hannifin (PH) downgraded to Sell from Neutral at Goldman Sachs with analyst Joseph Ritchie saying he shuffled his ratings in the Americas Multi-Industry ahead of the Q2 earnings season. He sees a "rocky road ahead." 4. FactSet (FDS) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst saying the company's "decelerating" earnings growth brings risk to its "full" valuation. 5. Kennametal (KMT) double downgraded to Sell from Buy at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

HD

Home Depot

$218.16 /

-0.55 (-0.25%)

SON

Sonoco Products

$64.48 /

-0.005 (-0.01%)

PH

Parker-Hannifin

$172.01 /

+4.33 (+2.58%)

FDS

FactSet

$281.22 /

-13.02 (-4.43%)

KMT

Kennametal

$35.09 /

+0.295 (+0.85%)

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