Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) downgraded to Sell from Neutral at UBS and downgraded to Market Perform from Strong Buy at Raymond James. 2. BlackBerry (BB) downgraded to Underperform from Sector Perform at RBC Capital with analyst Paul Treiber saying the stock's valuation is now at multi-year highs and above peers despite no change to the company's fundamental outlook. 3. Izea (IZEA) downgraded to Sell from Neutral at Ladenburg with analyst Jon Hickman saying though Izea should see a "sequential uptick" in Q4 revenue and "rather robust" growth into 2022, the current market valuation "seems excessive," especially given that the company is unlikely to be operationally profitable until late this year and the majority of it sales remain with the lower margin Managed Service segment. 4. Kimberly-Clark (KMB) downgraded to Hold from Buy at Argus with analyst John Staszak saying the company's growth prospects are "limited" as it continues to face the challenges from weakness in the K-C Professional segment and unfavorable currency translation. 5. Pinduoduo (PDD) downgraded to Sector Weight from Overweight at KeyBanc with analyst Hans Chung noting that the share price has gone up 720% since his coverage in April 2019 and up 370% in 2020, driven by impressive top-line growth and multiple expansion. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.