| 2021-04-23 10:01:51|
KHC, HOG… 10:01 04/23 04/23/21
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Kraft Heinz (KHC) downgraded to Neutral from Overweight at Piper Sandler with analyst Michael Lavery believing the stock's risk/reward to is "unattractive near-term." 2. Harley-Davidson (HOG) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Billy Kovanis stating that investors embraced the message from the company CEO about increasing desirability and profitability, but Harley-Davidson is facing secular headwinds, while expectations to execute are now higher. 3. RingCentral (RNG) downgraded to Perform from Outperform at Oppenheimer with analyst Timothy Horan saying while Q1 earnings should be strong, he believes risks are on the horizon. 4. TAL Education (TAL) downgraded to Neutral from Buy at Nomura with analyst Jessie Xu thinking TAL lacks positive catalysts without a clear timeline for policy clarifications and also expects the company to be loss-making in Q1 of FY22, which "might be a surprise to the market" and may come with further cuts to consensus earnings expectations. 5. NiSource (NI) downgraded to In Line from Outperform at Evercore ISI with analyst Durgest Chopra 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.