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MCO

Moody's

$376.65 /

-1.945 (-0.51%)

, SC

Santander Consumer

$40.96 /

+0.015 (+0.04%)

09:53
07/29/21
07/29
09:53
07/29/21
09:53

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Moody's (MCO) downgraded to Neutral from Buy at UBS with analyst Alex Kramm saying following two years of "outsized" debt issuance levels, the analyst is "increasingly concerned" that the medium-term outlook "can only soften from here." 2. Santander Consumer (SC) downgraded to Hold from Buy at Deutsche Bank with analyst Meng Jiao saying upside potential in the shares is "capped given the overhang" of the nonbinding proposal for SHUSA, Santander Consumer's majority shareholder, to acquire all outstanding common shares for $39 per share. 3. Altice USA (ATUS) downgraded to Outperform from Strong Buy at Raymond James with analyst Frank Louthan believing leverage will remain the biggest risk to Altice shares, along with lower top line growth, until advertising returns to full strength and fiber build penetration is further along. 4. CyrusOne (CONE) downgraded to Hold from Buy at Truist with analyst Greg Miller citing the surprise separation of Bruce Duncan only one year after he was appointed as CEO. 5. Cirrus Logic (CRUS) downgraded to Neutral from Buy at BofA with analyst Vivek Arya saying while he likes Cirrus' pipeline, plans for broadening into Android phones and laptops, and content gain opportunities from its Lion acquisition, the company's announcement of FY23 pricing and cost pressures suggests earnings growth is likely to remain muted and below semis industry growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

MCO

Moody's

$376.65 /

-1.945 (-0.51%)

SC

Santander Consumer

$40.96 /

+0.015 (+0.04%)

ATUS

Altice USA

$32.48 /

-1.57 (-4.61%)

CONE

CyrusOne

$75.35 /

+0.745 (+1.00%)

CRUS

Cirrus Logic

$79.52 /

-4.8 (-5.69%)

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MCO Moody's
$376.65 /

-1.945 (-0.51%)

07/29/21 BMO Capital
Moody's price target raised to $415 from $406 at BMO Capital
07/29/21 Oppenheimer
Moody's price target raised to $406 from $387 at Oppenheimer
07/29/21 Deutsche Bank
Moody's price target raised to $375 from $325 at Deutsche Bank
07/29/21 UBS
Moody's downgraded to Neutral from Buy at UBS
SC Santander Consumer
$40.96 /

+0.015 (+0.04%)

07/29/21 Deutsche Bank
Santander Consumer downgraded om proposal overhang at Deutsche Bank
07/28/21 Deutsche Bank
Santander Consumer downgraded to Hold from Buy at Deutsche Bank
07/09/21 Barclays
Santander Consumer price target raised to $39 from $32 at Barclays
07/07/21 Jefferies
Santander Consumer downgraded to Hold from Buy at Jefferies
ATUS Altice USA
$32.48 /

-1.57 (-4.61%)

07/29/21 Raymond James
Altice USA downgraded to Outperform from Strong Buy at Raymond James
07/29/21 Deutsche Bank
Altice USA price target lowered to $40 from $43 at Deutsche Bank
07/29/21 Raymond James
Altice USA downgraded to Outperform from Strong Buy at Raymond James
07/02/21 Benchmark
Benchmark sees buying opportunity in Altice USA amid 'excessive' angst
CONE CyrusOne
$75.35 /

+0.745 (+1.00%)

07/29/21
Fly Intel: Top five analyst upgrades
07/29/21 Raymond James
CyrusOne double upgraded to Outperform at Raymond James
07/29/21 Truist
CyrusOne downgraded to Hold at Truist on CEO separation
07/29/21 Truist
CyrusOne downgraded to Hold from Buy at Truist
CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

07/29/21 Craig-Hallum
Cirrus Logic upgraded to Buy at Craig-Hallum on results beat, Apple strength
07/29/21 KeyBanc
Cirrus Logic price target raised to $105 from $100 at KeyBanc
07/29/21 Needham
Cirrus Logic price target raised to $110 from $100 at Needham

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