| 2021-06-18 09:57:53|
TAL, CURI… 09:57 06/18 06/18/21
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. TAL Education (TAL) downgraded to Hold from Buy at HSBC with analyst Charlotte Wei saying regulatory risks in China education are worse than expected. 2. CuriosityStream (CURI) downgraded to Underperform from Buy at BofA with analyst Devin Brisco noting that with the stock's recent strong performance, shares are now 6% above his price target, and while the recent addition of CuriosityStream into the Russell 3000 index is favorable, the long-term fundamentals of the business have not changed. 3. Everest Re (RE) downgraded to Neutral from Buy at Citi with analyst Suneet Kamath saying property and casualty underwriters have more exposure to inflationary pressures due to higher claim costs versus brokers and life insurers. 4. ShockWave Medical (SWAV) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Lawrence Biegelsen saying he is bullish on the near-term opportunities, the analyst believes the valuation implies a high degree of optimism for the U.S. coronary launch, and would prefer to gain better visibility on the new market opportunities before incorporating them into the model. 5. Compass Minerals (CMP) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas seeing more outperformance potential in cyclical equites over less cyclical investments and notes that Compass has a steady salt business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.