| 2021-10-27 09:55:42|
NET, CRTX… 09:55 10/27 10/27/21
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cloudflare (NET) downgraded to Hold from Buy at Jefferies with analyst Brent Thill citing valuation for the downgrade with the shares up 144% year-to-date. 2. Cortexyme (CRTX) downgraded to Underperform from Neutral at BofA with analyst Tazeen Ahmad noting its phase 2/3 GAIN trial of atuzaginstat in mild to moderate Alzheimer's disease missed significance for the endpoints in the overall population. 3. Ecolab (ECL) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the company stated in its Q2 earnings press release that its goal for 2021 was to earn at least as much as its restated 2019 earnings per share of $5.12 less 15c of negative effects from the February Texas freeze or $4.97 per share. 4. UPS (UPS) downgraded to Hold from Buy at Loop Capital with analyst Rick Paterson citing the company's Q3 earnings beat and increased operating margin guidance but adding that while he is positive on all air freight stocks, after yesterday's 7% share price rally, the potential upside on UPS is "getting a little underwhelming in the near-term." 5. Restaurant Brands (QSR) downgraded to Hold from Buy at Argus with analyst John Staszak saying the company is expected to face continued cost pressures and labor shortages over the next 12 months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.