Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Albertsons (ACI) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Edward Kelly citing valuation. 2. Under Armour (UAA) downgraded to Neutral from Buy at Citi with analyst Paul Lejuez saying with potential sales pressure ahead from distribution rationalization and increased competition in the category, Under Armour's sales recovery "may not be smooth." 2. United Natural Foods (UNFI) downgraded to Underweight from Equal Weight at Wells Fargo with analyst Edward Kelly saying the downgrade reflects continued concerns about the long-term fundamental outlook of the business, the potential for a particularly difficult COVID lap given pent-up demand for dining out as life returns to normal likely sometime this summer and an "unappealing" valuation following a historic year-to-date move that appears to be largely driven by the recent short covering phenomenon. 4. SunPower (SPWR) downgraded to Neutral from Overweight at Piper Sandler with analyst Kashy Harrison saying the valuation spread between SunPower and peers is difficult to rationalize based on margin profiles and the competitive structure of the solar value-chain. 5. Bed Bath & Beyond (BBBY) downgraded to Neutral from Outperform at both Baird and Wedbush. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.