| 2021-04-21 09:54:10|
PG, ZBRA… 09:54 04/21 04/21/21
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Procter & Gamble (PG) downgraded to Neutral from Buy at Citi with analyst Wendy Nicholson leaving the company's Q3 earnings call feeling that the next several couple quarters will likely see incremental pressure and that results "could be bumpy." 2. Zebra downgraded to Underweight from Equal Weight at Morgan Stanley with analyst James Faucette saying Zebra is well positioned in a "secularly growing" market as organizations look to digitally transform, but with the multiple expanding 72% over the last 24 months versus earnings estimates that expanded 26%, the stocks valuation is full. 3. Rocket Companies (RKT) downgraded to Neutral from Buy at BofA with analyst Mihir Bhatia believing a more cautious outlook on the mortgage origination sector is warranted given the view that a less favorable interest rate backdrop and increased competition are likely to pressure margins. 4. Jack in the Box (JACK) downgraded to Hold from Buy at Deutsche Bank with analyst Brian Mullan viewing the risk/reward as "the most balanced it has been in quite some time." 5. Credicorp (BAP) downgraded to Hold from Buy at HSBC with analyst Carlos Gomez-Lopez saying Peru's presidential elections on June 6 could result in significant changes to the governance and economic policy of Peru. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.