2021-05-18 09:55:52 | Fly Intel: Top five analyst downgradesCatch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Adtran (ADTN) downgraded to Neutral from Buy at Goldman Sachs with analyst Rod Hall seeing a more balanced risk/reward profile following the stock's recent outperformance. 2. Canadian Pacific (CP) downgraded to Sector Perform from Outperform at National Bank with analyst Cameron Doerksen saying risk-reward is less compelling and that there is less certainty around Canadian Pacific's ability to consummate a merger with Kansas City Southern (KSU). 3. II-VI (IIVI) downgraded to Equal Weight from Overweight at Barclays with analyst Tom O'Malley believing the optical group "will struggle to work as a whole" until telco tenders this summer. 4. Altice USA (ATUS) downgraded to Underperform from Neutral at BofA with analyst Jessica Reif Ehrlich saying following its strongest year of broadband net adds, she views Altice as a "show me story" and sees it being the U.S. cable operator most at risk from potential broadband pricing pressure as a result of increased competition from fixed wireless broadband/fiber as well as due to political and regulatory pressure. 5. Simply Good Foods (SMPL) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Pamela Kaufman saying with shares up 125% from their pandemic trough and up 29% over the past six months, Kaufman now thinks the market is pricing in her level of confidence in the company's long-term growth potential. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | |
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