| 2019-12-03 10:08:23|
NFLX, VAL… 10:08 12/03 12/03/19
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Neutral from Buy with coverage transfer at Citi with analyst Jason Bazinet saying consensus estimates are too high. 2. Valaris (VAL) downgraded to Neutral from Buy at BTIG with analyst Gregory Lewis saying while the offshore recovery is underway, the pace of the recovery has been slower than expected. 3. Ambev (ABEV) downgraded to Underweight from Equal Weight at Barclays with analyst Laurence Whyatt saying he sees "several challenges" for Ambev, particularly in its core Beer Brazil business that he believes are likely to get worse before they can get better. 4. CommScope (COMM) downgraded to Hold from Buy at Jefferies with analyst George Notter saying while he believes that the revenue picture for the overall business is stable and thinks there's some upside to consensus expectations for cost reductions, he believes its "difficult" for the company to get to 4.0 times net leverage in 2021. 5. Cracker Barrel (CBRL) downgraded to Hold from Buy at Argus with analyst John Staszak citing its Q1 earnings miss and a cut in FY20 guidance. 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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