2020-07-09 10:11:29 | Fly Intel: Top five analyst downgradesCatch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Square (SQ) downgraded to Market Perform from Outperform at Cowen with analyst George Mihalos noting the recent run up in the shares and saying he believes the shares have more than priced in all the good news from the Cash App business but hasn't accounted for the multi-year recovery the Seller business will need. Mihalos maintained his $119 price target on Square shares. 2. SeaWorld (SEAS) and Cedar Fair (FUN) were downgraded to Neutral from Buy at Janney Montgomery Scott. 3. Plug Power (PLUG) downgraded to Equal Weight from Overweight at Barclays with analyst Moses Sutton saying the shares have doubled over the last four to five weeks, with sizable but smaller rallies from peers. 4. Wingstop (WING) downgraded to Neutral from Buy at BTIG with analyst Peter Saleh saying that after a "historic" period of comp results, he sees investor focus shifting to the company's unit development where growth could be stifled by the limited access to capital, since much of the bank lending has been diverted to supporting restaurants and small business owners. 5. Workhorse Group (WKHS) downgraded to Neutral from Buy at Colliers with analyst Michael Shlisky saying the stock has advanced over 500% in six weeks. 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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