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TXN

Texas Instruments

$185.46 /

-8.47 (-4.37%)

, CVX

Chevron

$98.07 /

-1.75 (-1.75%)

09:54
07/22/21
07/22
09:54
07/22/21
09:54

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Texas Instruments (TXN) downgraded to Hold from Buy at Summit Insights with analyst Kinngai Chan believing the company's Q3 outlook reflects some demand uncertainty in the PC and the smartphone markets. 2. Chevron (CVX) downgraded to Hold from Buy at HSBC with analyst Gordon Gray saying an oil sector "re-rating may continue to prove elusive" despite better results and higher cash distributions as critical mass low-carbon is still "years away" and climate pressures are intensifying. 3. Travelers (TRV) double downgraded to Underperform from Buy at BofA with analyst Joshua Shanker lowering his 2022 EPS forecast to a "Street low" $11.80 as Commercial P&C pricing begins to decelerate and underwriting margins begin to erode in personal auto and homeowners' insurance. 4. Williams-Sonoma (WSM) downgraded to Sell from Neutral at Goldman Sachs with analyst Kate McShane saying Williams-Sonoma has outperformed her and consensus sales expectations despite the supply chain disruptions that persisted for most of 2020 and carried well into this year, but she thinks consensus estimates for 2022 could be too high given the likely return of promotions in 2022 and comparisons that are more difficult than for other hardlines peers. 5. Atlassian (TEAM) downgraded to Market Perform from Outperform at Cowen with analyst J. Derrick Wood saying pressures from the company's medium-term model transition and the "near peak" historic valuation levels are likely to keep the shares range-bound for some time. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TXN

Texas Instruments

$185.46 /

-8.47 (-4.37%)

CVX

Chevron

$98.07 /

-1.75 (-1.75%)

TRV

Travelers

$148.76 /

-2.935 (-1.93%)

WSM

Williams-Sonoma

$153.64 /

-4.79 (-3.02%)

TEAM

Atlassian

$267.57 /

-1.16 (-0.43%)

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TXN Texas Instruments
$185.46 /

-8.47 (-4.37%)

07/22/21 Raymond James
Texas Instruments price target raised to $230 from $220 at Raymond James
07/22/21 Jefferies
Jefferies a buyer of Texas Instruments after Q2 report, 'conservative' guidance
07/22/21 Summit Insights
Texas Instruments downgraded to Hold from Buy at Summit Insights
07/19/21 Morgan Stanley
Texas Instruments price target raised to $185 from $176 at Morgan Stanley
CVX Chevron
$98.07 /

-1.75 (-1.75%)

07/22/21 Redburn
Chevron upgraded to Buy from Neutral at Redburn
07/22/21 HSBC
Chevron downgraded to Hold from Buy at HSBC
07/12/21
Fly Intel: Top five analyst initiations
07/12/21 BMO Capital
Chevron initiated with an Outperform at BMO Capital
TRV Travelers
$148.76 /

-2.935 (-1.93%)

07/22/21 BofA
BofA double downgrades Travelers to Underperform on 'Street low' 2022 forecast
07/22/21 BofA
Travelers downgraded to Underperform from Buy at BofA
07/12/21 Morgan Stanley
Travelers upgraded to Equal Weight from Underweight at Morgan Stanley
04/27/21 Credit Suisse
Travelers assumed with a Neutral at Credit Suisse
WSM Williams-Sonoma
$153.64 /

-4.79 (-3.02%)

07/22/21 Goldman Sachs
Williams-Sonoma downgraded to Sell from Neutral at Goldman Sachs
07/16/21 Exane BNP Paribas
Williams-Sonoma initiated with a Neutral at Exane BNP Paribas
06/01/21
Fly Intel: Top five analyst upgrades
06/01/21 BofA
Williams-Sonoma upgraded to Neutral from Underperform at BofA
TEAM Atlassian
$267.57 /

-1.16 (-0.43%)

07/22/21 Cowen
Cowen downgrades Atlassian on valuation, model transition
07/22/21 Cowen
Atlassian downgraded to Market Perform from Outperform at Cowen
07/16/21 Mizuho
Atlassian price target raised to $310 from $285 at Mizuho
06/29/21 Baird
Atlassian price target raised to $290 from $270 at Baird

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