| 2021-03-05 09:54:26|
NKLA, FI… 09:54 03/05 03/05/21
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Nikola (NKLA) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster saying following the Q4 report, which provided investors reassurance that the company is "more focused," much of "good news is now priced in the stock." 2. Frank's International (FI) downgraded to Underweight from Equal Weight at Barclays with analyst J. David Anderson believing the offshore outlook "remains opaque and uncertain in 2021." 3. Transocean (RIG) downgraded to Underweight from Equal Weight at Barclays with analyst J. David Anderson saying despite the recent climb of Brent oil prices, offshore markets are unlikely to recover until late 2022, lagging the rest of global upstream spending. 4. Smith & Wesson Brands (SWBI) downgraded to Hold from Buy at Craig-Hallum with analyst Steve Dyer thinking shares will continue to be rangebound as investment sentiment is fading, gun stocks typically peak before earnings do, and difficult comps throughout the rest of 2021 will create challenging optics for the stock. 5. Comerica (CMA) downgraded to Neutral from Buy at B. Riley Securities with analyst Steve Moss citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.