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OC

Owens Corning

$39.75 /

+1.44 (+3.76%)

, GMS

GMS Inc.

$15.29 /

+0.54 (+3.66%)

10:03
04/07/20
04/07
10:03
04/07/20
10:03

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Owens Corning (OC) cut to Sector Perform from Outperform at RBC Capital with analyst Mike Dahl seeing outsized risk for the company given its fixed cost base and earnings sensitivity, noting that his new base case scenario now assumes a more severe global impact from COVID-19. 2. GMS Inc. (GMS) cut to Sector Perform from Outperform at RBC Capital with analyst Mike Dahl believing that companies with non-residential U.S. business exposure and relatively larger-ticket R&R demand should see sharper declines with more prolonged recovery trajectories due to the fallout of COVID-19. 3. Shopify (SHOP) downgraded to Market Perform from Outperform at Raymond James amid pandemic with analyst Brian Peterson saying near-term headwinds could create a more challenging near-term narrative for the shares. 4. Twilio (TWLO) downgraded to Neutral from Buy at Rosenblatt with analyst Ryan Koontz cutting Twilio's estimates to reflect the "major decline" expected in G7 nations gross domestic product due to COVID-19 impacts. 5. General Motors (GM) downgraded to Hold from Buy at Deutsche Bank with analyst Emmanuel Rosner seeing additional downside risk for U.S. autos stocks and significant liquidity concerns due to their prolonged production shutdown. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

OC

Owens Corning

$39.75 /

+1.44 (+3.76%)

GMS

GMS Inc.

$15.29 /

+0.54 (+3.66%)

SHOP

Shopify

$398.82 /

+6.26 (+1.59%)

TWLO

Twilio

$88.12 /

+1.35 (+1.56%)

GM

General Motors

$21.51 /

+1.99 (+10.19%)

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OC Owens Corning
$39.75 /

+1.44 (+3.76%)

04/07/20
Owens Corning cut to Sector Perform at RBC Capitalon due to fixed costs
04/07/20 RBC Capital
Owens Corning downgraded to Sector Perform from Outperform at RBC Capital
04/06/20 Nomura Instinet
Owens Corning price target lowered to $38 from $55 at Nomura Instinet
02/05/20 Benchmark
Benchmark starts Owens Corning at Buy, says take advantage of recent weakness
GMS GMS Inc.
$15.29 /

+0.54 (+3.66%)

04/07/20
GMS Inc. cut to Sector Perform at RBC Capital on larger earnings risk
04/07/20 RBC Capital
GMS Inc. downgraded to Sector Perform from Outperform at RBC Capital
03/16/20 Raymond James
Raymond James lowers price targets for distribution cos amid COVID-19 outbreak
11/13/19 SunTrust
Continental Building price target raised to $37 from $26 at SunTrust
SHOP Shopify
$398.82 /

+6.26 (+1.59%)

04/07/20 Raymond James
Shopify downgraded to Market Perform at Raymond James amid pandemic
04/07/20 Raymond James
Shopify downgraded to Market Perform from Outperform at Raymond James
04/06/20 DA Davidson
Shopify price target lowered to $500 from $675 at DA Davidson
04/03/20 Canaccord
Shopify weakness a buying opportunity, say Canaccord
TWLO Twilio
$88.12 /

+1.35 (+1.56%)

04/07/20 Rosenblatt
Twilio downgraded to Neutral from Buy on COVID exposure at Rosenblatt
04/07/20 Rosenblatt
Twilio downgraded to Neutral from Buy at Rosenblatt
03/31/20 Rosenblatt
Rosenblatt long-term belief in Twilio 'fully intact' after investor meeting
03/31/20 Piper Sandler
Twilio downgraded to Neutral from Overweight at Piper Sandler
GM General Motors
$21.51 /

+1.99 (+10.19%)

04/07/20 Deutsche Bank
General Motors downgraded to Hold from Buy at Deutsche Bank
03/24/20 Morgan Stanley
Morgan Stanley upgrades Auto industry rating to In-Line from Cautious
03/24/20 Citi
General Motors price target lowered to $53 from $68 at Citi
03/24/20 UBS
Tesla and BMW upgraded, Ford downgraded at UBS

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