2021-06-22 09:52:30 | Fly Intel: Top five analyst downgradesCatch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Casey's General Stores (CASY) downgraded to Neutral from Buy at Goldman Sachs with analyst Bonnie Herzog citing valuation. 2. Evergy (EVRG) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Sarah Akers telling investors in a research note that shares of Evergy have significantly narrowed the valuation gap versus peers as the company has demonstrated solid execution on the Sustainability Transformation plan, and while the analyst considers management to be shareholder-friendly and is confident in the company's ability to deliver on cost controls, is not arguing for a premium valuation on account of the below-average regulatory environment in Kansas. 3. Raven (RAVN) downgraded to Hold from Buy at Lake Street with analyst Ben Klieve saying CNH Industrial's (CNHI) agreement to acquire the company for $58 per share is "an appropriate" valuation. 4. Kinross Gold (KGC) downgraded to Neutral from Outperformer at CIBC with analyst Anita Soni "taking a pause" as Kinross works through operational challenges. 5. BlueCity (BLCT) downgraded to Hold from Buy at Loop Capital with analyst Laura Champine seeing the company heading for a more challenged long-term margin structure, also modeling annual revenue growth of just under 30% for the next five years. 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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