2020-07-10 10:05:27 | Fly Intel: Top five analyst downgradesCatch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Redfin (RDFN) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Mahaney citing valuation. 2. LendingClub (LC) downgraded to Perform from Outperform at Oppenheimer with analyst Jed Kelly saying he believes LendingClub is on the correct roadmap in pivoting to a bank model once the Radius Bank acquisition receives regulatory approval and closes, but notes that management expects Q2 originations to decline 90% year-over-year, and the key initiative is now capital preservation in order to appease regulators. 3. Fastly (FSLY) downgraded to Underperform from Buy at BofA and to Hold from Buy at Craig-Hallum. 4. Medical Properties Trust (MPW) downgraded to Hold from Buy at Deutsche Bank with analyst Derek Johnston citing his review of models and valuation assumptions for healthcare real estate investment trusts. 5. Kura Sushi (KRUS) downgraded to Hold from Buy at Craig-Hallum with analyst Jeremy Hamblin saying while he continues to be enthusiastic about the long-term prospects for the company, the resurgence of coronavirus cases has slowed the sales recovery process for Kura Sushi. 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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