2020-07-01 10:05:37 | Fly Intel: Top five analyst downgradesCatch up on today's top five analyst downgrades with this list compiled by The Fly: 1. iHeartMedia (IHRT) downgraded to Neutral from Buy at BofA with analyst Jessica Ehrlich saying the company's Q2 results should see "substantial advertising and event-related headwinds." 2. GSX Techedu (GSX) downgraded to Neutral from Buy at Goldman Sachs with analyst Christine Cho citing the "notable outperformance" of the stock compared to the rest of China's online after-school tutoring sector and the broader market. 3. OncoCyte (OCX) downgraded to Neutral from Overweight at Piper Sandler with analyst Steven Mah citing the company's announcement of the "unsuccessful" results of the DetermaDx clinical validation study. 4. Inovio (INO) downgraded to Hold from Buy at Maxim and to Sell from Neutral at Roth Capital. 5. Rent-A-Center (RCII) downgraded to Neutral from Buy at Janney Montgomery Scott with analyst John Rowan saying while he expects Rent-A-Center to report strong Q2 results, he thinks "there will be a bit of an uphill battle" in Q3, while noting that the stock is up 97% since the end of March. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | |
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