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MT

ArcelorMittal

$31.61 /

+0.58 (+1.87%)

, CAR

Avis Budget

$147.03 /

-2.73 (-1.82%)

10:01
10/14/21
10/14
10:01
10/14/21
10:01

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. ArcelorMittal (MT) downgraded to Sector Weight from Overweight at KeyBanc with analyst Philip Gibbs citing the firm's view of limited prospective positive catalysts and a pending downturn in global spot steel metal spreads amid rising costs, telling investors in a research note that the global restocking cycle has run its course and the automotive cycle, which represents 20%-25% of sales, has become uneven. 2. Avis Budget (CAR) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Billy Kovanis saying the company is facing "peak" cyclical earnings and has a negative risk/reward at current valuation. 3. Northern Oil and Gas (NOG) downgraded to Neutral from Buy at BofA with analyst Doug Leggate continuing to believe oil prices at the front of the curve "will remain well supported." 4. Wayfair (W) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Simeon Gutman seeing the possibility of home furnishings category declines in both 2022 and 2023 leading to declining near term sales and negative profit implications for Wayfair. 5. Burlington Stores (BURL), Ross Stores (ROST) and TJX (TJX) all downgraded to Hold from Buy at Loop Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

MT

ArcelorMittal

$31.61 /

+0.58 (+1.87%)

CAR

Avis Budget

$147.03 /

-2.73 (-1.82%)

NOG

Northern Oil and Gas

$25.78 /

+0.085 (+0.33%)

W

Wayfair

$232.50 /

-2.93 (-1.24%)

BURL

Burlington Stores

$262.82 /

-1.3 (-0.49%)

ROST

Ross Stores

$106.45 /

-0.21 (-0.20%)

TJX

TJX

$63.34 /

-0.15 (-0.24%)

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MT ArcelorMittal
$31.61 /

+0.58 (+1.87%)

10/14/21
Fly Intel: Top five analyst upgrades
10/14/21 KeyBanc
ArcelorMittal downgraded to Sector Weight from Overweight at KeyBanc
10/14/21 Credit Suisse
ArcelorMittal upgraded to Outperform from Neutral at Credit Suisse
10/14/21 KeyBanc
ArcelorMittal downgraded to Sector Weight from Overweight at KeyBanc
CAR Avis Budget
$147.03 /

-2.73 (-1.82%)

10/14/21 Morgan Stanley
Morgan Stanley downgrades Avis to sell on 'premature' multiple re-rating
10/13/21 Morgan Stanley
Avis Budget downgraded to Underweight from Equal Weight at Morgan Stanley
09/16/21
Fly Intel: Top five analyst upgrades
09/16/21 BofA
BofA upgrades Avis Budget to Buy, sees 'over-earning' to continue
NOG Northern Oil and Gas
$25.78 /

+0.085 (+0.33%)

10/14/21 BofA
Northern Oil and Gas downgraded to Neutral from Buy at BofA
10/07/21 Roth Capital
Roth sees Northern Oil and Gas dividend increase request/recent deal as positive
10/07/21 Truist
Northern Oil and Gas price target raised to $38 from $33 at Truist
09/01/21 Raymond James
Northern Oil and Gas price target raised to $32 at Raymond James
W Wayfair
$232.50 /

-2.93 (-1.24%)

10/14/21 Morgan Stanley
Morgan Stanley downgrades Wayfair to sell on declining near term sales
10/14/21 Morgan Stanley
Wayfair downgraded to Underweight from Equal Weight at Morgan Stanley
10/13/21
Fly Intel: Top five analyst downgrades
10/13/21 Jefferies
Wayfair downgraded to Hold from Buy at Jefferies
BURL Burlington Stores
$262.82 /

-1.3 (-0.49%)

10/14/21 Loop Capital
Burlington Stores downgraded to Hold from Buy at Loop Capital
10/14/21 Loop Capital
Burlington Stores downgraded to Hold from Buy at Loop Capital
10/13/21 Jefferies
TJX likely to be first mover among off-pricers in raising prices, says Jefferies
08/27/21 Cowen
Burlington Stores price target lowered to $375 from $395 at Cowen
ROST Ross Stores
$106.45 /

-0.21 (-0.20%)

10/14/21 Loop Capital
Ross Stores downgraded to Hold from Buy at Loop Capital
10/14/21 Loop Capital
Ross Stores downgraded to Hold from Buy at Loop Capital
08/20/21 Cowen
Ross Stores price target lowered to $144 from $147 at Cowen
TJX TJX
$63.34 /

-0.15 (-0.24%)

10/14/21 Loop Capital
TJX downgraded to Hold from Buy at Loop Capital
10/14/21 Loop Capital
TJX downgraded to Hold from Buy at Loop Capital
08/25/21 Argus
TJX price target raised to $86 from $78 at Argus

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