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SBUX

Starbucks

$65.90 /

+2.81 (+4.45%)

, CX

Cemex

$1.87 /

+0.135 (+7.80%)

10:12
04/06/20
04/06
10:12
04/06/20
10:12

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Starbucks (SBUX) downgraded to Neutral from Overweight at JPMorgan with analyst John Ivankoe saying the consumption habits of consumers in the U.S. are "largely broken" and may take time to rebuild. 2. Cemex (CX) downgraded to Neutral from Overweight at JPMorgan and to Neutral from Outperform at Credit Suisse. 3. Zoom Video (ZM) downgraded to Underperform from Neutral at Credit Suisse with analyst Brad Zelnick saying trading at 40 times 2020 consensus revenue expectations, the current share price embeds significantly greater conversion of free users than an upside model scenario suggests. 4. Spotify (SPOT) double downgraded to Market Perform from Strong Buy at Raymond James with analyst Justin Patterson saying more time indoors amid the ongoing coronavirus pandemic is driving less engagement and fewer downloads, and is creating potential U.S. share shift to Amazon Music (AMZN) given increased smart speaker listening. 5. Steven Madden (SHOO) and Designer Brands (DBI) downgraded to Neutral from Positive at Susquehanna. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

SBUX

Starbucks

$65.90 /

+2.81 (+4.45%)

CX

Cemex

$1.87 /

+0.135 (+7.80%)

ZM

Zoom Video

$117.69 /

-10.39 (-8.11%)

SPOT

Spotify

$120.35 /

-1.76 (-1.44%)

SHOO

Steven Madden

$21.98 /

+1.47 (+7.17%)

DBI

Designer Brands

$4.20 /

+0.39 (+10.24%)

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SBUX Starbucks
$65.90 /

+2.81 (+4.45%)

04/06/20 MKM Partners
Starbucks price target raised to $60 from $52 at MKM Partners
04/06/20 JPMorgan
JPMorgan upgrades Planet Fitness to Overweight with $51 price target
04/06/20 JPMorgan
Starbucks downgraded to Neutral on 'broken' consumer habits at JPMorgan
04/06/20 JPMorgan
Starbucks downgraded to Neutral from Overweight at JPMorgan
CX Cemex
$1.87 /

+0.135 (+7.80%)

04/05/20 JPMorgan
Cemex downgraded to Neutral on 2020 EBITDA decline at JPMorgan
04/05/20 JPMorgan
Cemex downgraded to Neutral from Overweight at JPMorgan
04/05/20 Credit Suisse
Cemex downgraded to Neutral from Outperform at Credit Suisse
04/02/20 BBVA
Cemex downgraded to Underperform from Market Perform at BBVA
ZM Zoom Video
$117.69 /

-10.39 (-8.11%)

04/06/20 Credit Suisse
Credit Suisse downgrades Zoom Video to Underperform on high expectations
04/06/20 Credit Suisse
Zoom Video downgraded to Underperform from Neutral at Credit Suisse
04/02/20 Piper Sandler
RingCentral videoconference product launch negative for Zoom, says Piper Sandler
04/02/20 Needham
RingCentral video launch 'clear' long-term positive, says Needham
SPOT Spotify
$120.35 /

-1.76 (-1.44%)

04/06/20 Raymond James
Spotify double downgraded to Market Perform at Raymond James
04/06/20 Raymond James
Spotify downgraded to Market Perform from Strong Buy at Raymond James
03/24/20 Bernstein
Spotify upgraded to Market Perform from Underperform at Bernstein
03/19/20 Raymond James
Raymond James sees short-lived service disruption as 'manageable'
SHOO Steven Madden
$21.98 /

+1.47 (+7.17%)

04/06/20 Susquehanna
Steven Madden downgraded to Neutral at Susquehanna
04/05/20 Susquehanna
Steven Madden downgraded to Neutral from Positive at Susquehanna
02/28/20 Loop Capital
Steven Madden price target lowered to $37 from $48 at Loop Capital
02/28/20 Susquehanna
Steven Madden price target lowered to $38 from $43 at Susquehanna
DBI Designer Brands
$4.20 /

+0.39 (+10.24%)

04/06/20 Susquehanna
Designer Brands downgraded to Neutral at Susquehanna
04/05/20 Susquehanna
Designer Brands downgraded to Neutral from Positive at Susquehanna
03/30/20
Fly Intel: Top five analyst downgrades
03/30/20 Wells Fargo
Designer Brands downgraded to Underweight from Overweight at Wells Fargo

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