2020-08-13 10:13:58 | Fly Intel: Top five analyst downgradesCatch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Deutsche Bank analyst Sidney Ho downgraded Micron (MU) to Hold from Buy with a $48 price target, telling investors that his "extensive checks" with the supply chain following Western Digital's (WDC) recent "lackluster guidance" left him feeling more negative on the supply-demand balance for the memory sector in the next several quarters. 2. Baker Hughes (BKR) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Angie Sedita saying while she continues to see Baker Hughes having above peer earnings growth driven by LNG awards, she notes that the shares have outperformed the OIH index over the past 12 months. 3. BJ's Wholesale (BJ) downgraded to Hold from Buy at Deutsche Bank with analyst Paul Trussell saying the stock is likely to be range-bound as investors focus on the pace of deceleration over the coming months following a strong first half, which he credits to strong execution throughout the pandemic. 4. Deere (DE) was downgraded to Underweight from Neutral at JPMorgan, while Oshkosh (OSK) was downgraded to Neutral from Overweight. 5. Corporate Office Properties (OFC) downgraded to Neutral from Outperform at Baird with analyst David Rodgers citing its outperformance and current valuation. 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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