| 2021-06-24 09:57:47|
DLTR, BP… 09:57 06/24 06/24/21
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dollar Tree (DLTR) downgraded to Neutral from Overweight at Piper Sandler with analyst Peter Keith saying the downgrade is based primarily on concerns of intensifying inflationary pressures from both freight and wages, combined with core-Dollar Tree's "inability to pass through price increases" given its fixed $1-only price point. 2. BP (BP) downgraded to Hold from Buy at HSBC with analyst Gordon Gray believing that pessimism over BP's longer-term outlook is overdone, he does not think this will ease for the foreseeable future. 3. Equinox Gold (EQX) downgraded to Hold from Buy at Desjardins with analyst John Sclodnick citing the news that mining had been suspended at its Los Filos mine in Guerrero, Mexico, due to an illegal blockade by a local community. 4. Ericsson (ERIC) downgraded to Sell from Neutral at UBS with analyst Francois-Xavier Bouvignies saying the company is reaching peak market share and its Open RAN initiative is likely to reduce barriers to entry. 5. Liminal BioSciences downgraded to Neutral from Buy at H.C. Wainwright with analyst Edwin Zhang dsaying the company's "next value driver remains to be identified" following the divestiture of its plasma-derived 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.