2020-09-30 09:55:21 | Fly Intel: Top five analyst downgradesCatch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Masco (MAS) downgraded to Neutral from Buy at Goldman Sachs with analyst Susan Maklari saying upside to Masco's earnings for the upcoming quarters and 2021 are "fully baked into consensus." 2. Ironwood (IRWD) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Jacob Hughes saying that Ironwood now effectively does not have a pipeline and should be valued on the Linzess base business, which the analyst values at ~$9/share. 3. Armstrong World (AWI) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Susan Maklari saying he expects a "more modest" recovery in the company's non-residential end markets. 4. PBF Energy (PBF) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Roger Read saying that the election overhang is real but changes take a long time even if Biden triumphs, and feels that until meaningful gaps in jet fuel demand dissipate, a return to mid-cycle crack spreads seems unlikely. 5. Sunrun (RUN) downgraded to Neutral from Buy at Goldman Sachs with analyst Brian Lee citing 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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