| 2020-03-26 10:13:32|
BYND, HUN… 10:13 03/26 03/26/20
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Beyond Meat (BYND) downgraded to Sell from Neutral at Goldman Sachs with analyst Adam Samuelson saying Beyond Meat represents one of the stocks that is most directly impacted by the COVID-19 outbreak, with over half of its sales into the foodservice channel. 2. Huntsman (HUN) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan saying while the company has transformed into a "higher quality, higher margin portfolio" via downstream acquisitions and sales of commodity businesses, its current exposure to autos, appliances, and other discretionary items may reflect deeper demand weakness amid increasing economic uncertainty. 3. Expedia (EXPE) downgraded to Sell from Neutral at Goldman Sachs with analyst Heath Terry saying with the shares up over 28% off their lows, the risk is high that investors may be overly optimistic about the prospects for a sharp recovery in online travel or Expedia's ability to fully participate given the company's balance sheet and the need to reduce costs and investments. 4. Howard Hughes (HHC) downgraded to Neutral from Overweight at Piper Sandler with analyst Alexander Goldfarb saying the company's "development heavy" business model is under increased pressure amid the COVID-19 outbreak. 5. WW (WW) downgraded to Neutral from Buy at Goldman Sachs with analyst Jason English saying given the company's dependence on communal gatherings to generate a large portion of its revenue, it is prudent to cut subscriber and earnings estimates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.