| 2020-04-09 10:18:57|
UPS, FLIR… 10:18 04/09 04/09/20
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. UPS (UPS) downgraded to Neutral from Buy at UBS with analyst Thomas Wadewitz saying he expects the impact of COVID-19 to drive a sharp reduction in business-to-business volumes, with the most notable decline in UPS's highest margin customer group of small and mid-sized businesses. 2. Flir Systems (FLIR) double downgraded to Sell from Buy at Goldman Sachs with analyst Noah Poponak saying Flir has disappointed on revenue growth, margins, and returns on capital, and this will continue in the medium term. 3. UBS (UBS) downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Starbucks (SBUX) downgraded to Neutral from Buy at BofA with analyst Gregory Francfort saying he believes the risks are not fully priced into the shares. 5. Xerox (XRX) double downgraded to Sell from Buy at Citi with analyst Jim Suva saying COVID-19 will hurt the office copier market significantly more than other sectors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.