| 2020-04-08 10:48:51|
DIS, W… 10:48 04/08 04/08/20
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Disney (DIS) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Steven Cahall saying he still believes Disney+ can offset a declining environment for Media Networks, but is concerned by this "unique and severe downturn for Parks." 2. Wayfair (W) downgraded to Underweight from Neutral at JPMorgan with analyst Christopher Horvers saying he recommends selling the shares following the recent rally. 3. AMC Entertainment (AMC) downgraded to Sell from Hold at Loop Capital with analyst Alan Gould saying the company was already over-levered going into the COVID-19 storm and he had previously expressed concerns about its liquidity. 4. AutoZone (AZO) downgraded to Neutral from Buy at BofA with analyst Elizabeth Suzuki citing "mounting risks" to the medium-term auto parts replacement demand and the stock's "less attractive valuation" relative to its peers. 5. AngioDynamics (ANGO) downgraded to Sector Weight from Overweight at KeyBanc with analyst Matthew Mishan saying acquisitions has not been the expected growth driver he expected and that he now sees a slower rollout for Auryon. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.