| 2020-12-02 09:54:45|
PLTR, HAS… 09:54 12/02 12/02/20
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Palantir (PLTR) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Keith Weiss saying the risk/reward for Palantir is now "decidedly negative" with the shares trading at 33 times estimated 2022 sales, double the average for software-as-a-service stocks. 2. Hasbro (HAS) downgraded to Market Perform from Outperform at BMO Capital with analyst Gerrick Johnson saying the investment thesis has quickly played out as the news flow out of Entertainment One has improved and the company's toy business has benefited from strong toy sales this holiday season. 3. Genuine Parts (GPC) double downgraded to Underperform from Buy at BofA with analyst Elizabeth Suzuki saying with shares having doubled since the trough of about $50 on March she sees the valuation "starting to get stretched." 4. Dave & Buster's (PLAY) downgraded to Hold from Buy at Truist with analyst Jake Bartlett saying the stock remains a "COVID recovery story," but after a "strong" 74% run-up in price since June 11th, the analyst contends that investors can find better recovery opportunities in his Buy-rated names such as Dine Brands (DIN), Denny's (DENN) and Darden (DRI). 5. Welltower (WELL) downgraded to Hold from Buy at Berenberg with analyst Connor Siversky saying while he continues to view Welltower as well positioned in terms of portfolio quality and liquidity, continued pressures on senior housing occupancy and the recent move in share price leave him seeing a more balanced risk/reward. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.