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CVNA

Carvana

$311.25 /

-1.99 (-0.64%)

, RPM

RPM

$87.69 /

-2.19 (-2.44%)

09:58
06/23/21
06/23
09:58
06/23/21
09:58

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Carvana (CVNA) downgraded to Neutral from Overweight at JPMorgan with analyst Rajat Gupta saying the recent rebound in the shares coupled with a "meaningful pull back" in brick and mortar auto retailers makes the stock's near-term relative risk/reward less favorable. 2. RPM (RPM) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the company is likely to contend with raw material, packaging, and logistics cost inflation in the upcoming two quarters, pressuring its gross margins. 3. LPL Financial (LPLA) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Alexander Blostein saying risks to spreads paid by the banks for sweep deposits "amid significant liquidity in the system" pose risks to 2022 earnings estimates. 4. SmileDirectClub (SDC) downgraded to Hold from Buy at Loop Capital with analyst Laura Champine citing an inflationary environment for "everything, from shipping to digital marketing," adding that the management will focus more on profitability than sales growth due to pressure on gross margins. 5. Plug Power (PLUG) downgraded to Hold from Buy at Canaccord with analyst Jed Dorsheimer saying post the accounting restatements, Plug Power is transitioning to more of an operational phase and will need to demonstrate profitability improvements to justify its "healthy 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.

CVNA

Carvana

$311.25 /

-1.99 (-0.64%)

RPM

RPM

$87.69 /

-2.19 (-2.44%)

LPLA

LPL Financial

$136.62 /

-1.095 (-0.80%)

SDC

SmileDirectClub

$8.71 /

-0.28 (-3.11%)

PLUG

Plug Power

$32.27 /

-1.725 (-5.07%)

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CVNA Carvana
$311.25 /

-1.99 (-0.64%)

06/23/21 Jefferies
Carvana price target raised to $400 from $375 at Jefferies
06/23/21 JPMorgan
Carvana downgraded to Neutral from Overweight at JPMorgan
06/17/21 Baird
Carvana price target raised to $335 from $325 at Baird
06/10/21 Cantor Fitzgerald
Shift initiated with an Overweight at Cantor Fitzgerald
RPM RPM
$87.69 /

-2.19 (-2.44%)

06/23/21 JPMorgan
RPM downgraded to Underweight from Neutral at JPMorgan
05/14/21 RBC Capital
RPM price target raised to $100 from $92 at RBC Capital
04/09/21 BMO Capital
RPM price target lowered to $108 from $113 at BMO Capital
04/09/21 RBC Capital
RPM price target raised to $92 from $90 at RBC Capital
LPLA LPL Financial
$136.62 /

-1.095 (-0.80%)

06/23/21 Goldman Sachs
LPL Financial downgraded to Buy from Conviction Buy at Goldman Sachs
06/04/21 Citi
LPL Financial price target lowered to $239 from $265 at Citi
05/21/21
Fly Intel: Top five analyst downgrades
05/21/21 Credit Suisse
LPL Financial downgraded to Neutral on valuation at Credit Suisse
SDC SmileDirectClub
$8.71 /

-0.28 (-3.11%)

06/23/21 Loop Capital
SmileDirectClub downgraded to Hold at Loop Capital amid inflationary pressure
06/23/21 Loop Capital
SmileDirectClub downgraded to Hold from Buy at Loop Capital
05/11/21
Fly Intel: Top five analyst downgrades
05/11/21 Stephens
SmileDirectClub price target lowered to $17 from $19 at Stephens
PLUG Plug Power
$32.27 /

-1.725 (-5.07%)

06/23/21 B. Riley
Plug Power price target raised to $51 from $50 at B. Riley
06/23/21 Canaccord
Canaccord downgrades Plug Power on valuation, higher costs
06/23/21 Barclays
Plug Power price target raised to $27 from $24 at Barclays
06/23/21 Canaccord
Plug Power downgraded to Hold from Buy at Canaccord

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