| 2020-11-25 10:04:05|
F, GOOS… 10:04 11/25 11/25/20
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ford (F) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Adam Jonas saying General Motors' (GM) recent moves show its "all in" on electric vehicles, or EVs, and while Jonas thinks Ford has "the sense of urgency on EVs," its strategy is still not fully clear to him. 2. Canada Goose (GOOS) double-downgraded to Sell from Buy at BTIG with analyst Camilo Lyon saying that because of the warmer weather and the weak digital trends, the company's holiday sales bump that he previously forecasted has not materialized so far, putting Q3 at risk of missing consensus estimates. 3. Gap (GPS) downgraded to Neutral from Buy at Citi with analyst Paul Lejuez saying that following the stock rally over the past several months, there were "several things" on the Q3 earnings call that make him less bullish on the 12 month story for the shares. 4. Darden (DRI) downgraded to Neutral from Buy at BTIG with analyst Peter Saleh saying that while he still expects Darden to reach a higher levels of profit ahead of a full sales recovery, he also warns that a sales recovery in casual dining is stalling. 5. Caesars (CZR) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Thomas Allen saying while he sees Caesars with attractive long-term opportunities in sports betting and online gambling, he sees near-term earnings risk from rising COVID-related restrictions. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.