| 2021-10-26 09:56:29|
INTC, KMB… 09:56 10/26 10/26/21
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Market Perform from Outperform at BMO Capital with analyst Ambrish Srivastava expecting "meaningfully depressed" free cash flow over the medium term and seeing a "long time" for Intel's earnings to recover. 2. Kimberly-Clark (KMB) downgraded to Hold from Buy at Berenberg with analyst Fulvio Cazzol saying risks from supply chain disruptions and raw material shortages will likely continue to weigh on investor sentiment in the short term. 3. Beyond Meat (BYND) downgraded to Underperform from Neutral at Credit Suisse with analyst Robert Moskow saying the revenue miss in Q3 reinforces the view that Beyond Meat is "reaching market saturation faster than expected and will miss its internal growth targets." 4. Upstart (UPST) downgraded to Hold from Buy at Jefferies with analyst John Hecht saying given recent momentum and strong market conditions, he anticipates a good quarter coming from Upstart, but his downgrade is premised on long-term factors following the recent appreciation in the stock's price. 5. Bryn Mawr downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Michael Perito citing the pending merger with WSFS Financial (WSFS) for the downgrade with the deal expected to close during Q4. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.