| 2020-12-01 09:54:16|
FSLR, SWN… 09:54 12/01 12/01/20
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. First Solar (FSLR) downgraded to Underweight from Equal Weight at Barclays with analyst Moses Sutton saying the company had positive exposure to a President Trump win, due to tariff extension potential. 2. Southwestern Energy (SWN) and Occidental Petroleum (OXY) downgraded to Sell from Neutral at UBS. 3. AB InBev (BUD) downgraded to Hold from Buy at Deutsche Bank with analyst Mitch Collett citing valuation. 4. Vail Resorts (MTN) downgraded to Market Perform from Outperform at William Blair with analyst Ryan Sundby saying with COVID-19 cases reaching new highs across the United States in recent weeks, there is an increased likelihood that the upcoming 2020/2021 ski season could be disrupted in a more meaningful way than previously anticipated. 5. Sage Therapeutics (SAGE) downgraded to Market Perform from Outperform at Raymond James with analyst Dane Leone after the company discussed the partnership between it and Biogen (BIIB), saying that Sage management failed to defend how the terms of the Biogen deal accelerate the earlier pipeline, and thinks Biogen management provided a relatively weak argument for their ability to build a presence within the field of psychiatry. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.