2021-05-12 09:56:17 | Fly Intel: Top five analyst downgradesCatch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Novavax (NVAX) downgraded to Neutral from Overweight at JPMorgan with analyst Eric Joseph saying there were "several disappointing updates" on the recent earnings call, the most troubling is the "clear challenge" the company still faces in manufacturing its vaccine candidate at large scale. 2. Dollar General (DG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Scot Ciccarelli noting that the company continues to execute at a high level, but an improving employment macro environment could reduce the trade-down activity even as rising food and gas prices pressure their existing customer. 3. Grocery Outlet (GO) downgraded to Hold from Buy at Deutsche Bank and downgraded to Hold from Buy at Craig-Hallum. 4. Jamf Holding (JAMF) downgraded to Neutral from Buy at Goldman Sachs with analyst Rod Hall saying the company reported "solid" Q1 results but the implied second half of 2021 guidance is 2% below forecasts due to uncertainties around the sustainability of educational tailwinds and the pickup of commercial demand. 5. Amarin (AMRN) downgraded to Sell from Neutral at Goldman Sachs with analyst Paul Choi saying generic entrants in the U.S. will limit Vascepa's growth ahead of the European launch. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, Reference Link | |
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