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NET

Cloudflare

$183.74 /

-1.47 (-0.79%)

, CRTX

Cortexyme

$17.01 /

-40.54 (-70.44%)

09:55
10/27/21
10/27
09:55
10/27/21
09:55

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.

NET

Cloudflare

$183.74 /

-1.47 (-0.79%)

CRTX

Cortexyme

$17.01 /

-40.54 (-70.44%)

ECL

Ecolab

$225.26 /

-4.77 (-2.07%)

UPS

UPS

$214.89 /

-3.17 (-1.45%)

QSR

Restaurant Brands

$57.85 /

+0.22 (+0.38%)

  • 28

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NET Cloudflare
$183.74 /

-1.47 (-0.79%)

10/27/21 Jefferies
Cloudflare downgraded to Hold from Buy at Jefferies
10/25/21 Truist
Cloudflare price target raised to $185 from $130 at Truist
10/19/21 Cowen
Cloudflare price target raised to $200 from $135 at Cowen
10/18/21 Mizuho
Cloudflare price target raised to $140 from $105 at Mizuho
CRTX Cortexyme
$17.01 /

-40.54 (-70.44%)

10/27/21 Canaccord
Cortexyme price target lowered to $75 from $150 at Canaccord
10/27/21 BofA
Cortexyme downgraded to Underperform at BofA after Alzheimer's trial miss
10/27/21 BofA
Cortexyme downgraded to Underperform from Neutral at BofA
10/27/21 Citi
Cortexyme price target lowered to $5 from $20 at Citi
ECL Ecolab
$225.26 /

-4.77 (-2.07%)

10/27/21 BMO Capital
Ecolab price target raised to $246 from $223 at BMO Capital
10/27/21 JPMorgan
Ecolab downgraded to Underweight on valuation at JPMorgan
10/27/21 Deutsche Bank
Ecolab price target raised to $260 from $250 at Deutsche Bank
10/27/21 JPMorgan
Ecolab downgraded to Underweight from Neutral at JPMorgan
UPS UPS
$214.89 /

-3.17 (-1.45%)

10/27/21 Raymond James
UPS price target raised to $260 from $240 at Raymond James
10/27/21 KeyBanc
UPS price target raised to $250 from $235 at KeyBanc
10/27/21 Oppenheimer
UPS price target raised to $236 from $222 at Oppenheimer
10/27/21 Loop Capital
UPS downgraded to Hold from Buy at Loop Capital
QSR Restaurant Brands
$57.85 /

+0.22 (+0.38%)

10/27/21 Argus
Restaurant Brands downgraded to Hold at Argus on cost pressure, labor shortage
10/27/21 Argus
Restaurant Brands downgraded to Hold from Buy at Argus
10/26/21 Truist
Restaurant Brands price target lowered to $76 from $80 at Truist
10/26/21 Morgan Stanley
Restaurant Brands price target lowered to $66 from $71 at Morgan Stanley

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