| 2021-04-08 09:53:25|
NXPI, WW… 09:53 04/08 04/08/21
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. NXP Semiconductors (NXPI) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Craig Hettenbach believing NXP's growth drivers and improved execution are better reflected in the stock at current levels. 2. WW (WW) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Lauren Schenk saying Q1 WW app downloads decelerated throughout the quarter and ended 18% below Q1 of last year and 16% below Q1 of 2019 sparking concerns that more discretionary dollars could move back to travel, dining out and other activities in the reopening. 3. L3Harris Technologies (LHX) downgraded to Neutral from Buy at Goldman Sachs with analyst Noah Poponak saying the shares are now trading close to fair value. 4. Sonoco Products (SON) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Gabe Hajde citing valuation. 5. Lamb Weston (LW) downgraded to Neutral from Buy at Goldman Sachs with analyst Adam Samuelson seeing a more balanced risk/reward in shares following the company's fiscal Q3 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.