2021-03-03 09:53:05 | Fly Intel: Top five analyst downgradesCatch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Owens Corning (OC) double downgraded to Sell from Buy at Goldman Sachs with analyst Susan Maklari turning more cautious on the company's forecast to align with the Goldman energy team's forecast for rising oil and asphalt pricing. 2. Prudential (PRU) downgraded to Neutral from Overweight at JPMorgan with analyst Jimmy Bhullar seeing a "mixed outlook" for Prudential's business trends, risk in the company's M&A strategy, and a less attractive valuation at current share levels. 3. Adaptive Biotechnologies (ADPT) downgraded to Neutral from Buy at Goldman Sachs with analyst Salveen Richter citing news that Roche's (RHHBY) Genentech said it intends to suspend the development of a T cell receptor-based cell therapy being developed in collaboration with the company against a shared antigen target. 4. Rocket Companies (RKT) downgraded to Sector Perform from Outperform at RBC Capital with analyst Daniel Perlin saying the risk/reward is "more balanced" following the stock's 71% rally and 109% rise since last week's Q4 results. 5. LivaNova (LIVN) downgraded to Hold from Buy at Berenberg with analyst Scott Bardo saying while its 2021 sales growth guidance was "encouraging," its margin guidance was "disappointing" and suggests more extensive plans to invest over the coming three to four years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | |
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