Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Chewy (CHWY) downgraded to Neutral from Outperform at Wedbush with analyst Seth Basham saying while he thinks Chewy is well-positioned to capture market share longer-term, he now expects "at best in-line results" for the second half of 2021 and projects growth below consensus in 2022. 2. Accel Entertainment (ACEL) downgraded to Neutral from Buy at Goldman Sachs with analyst Stephen Grambling remaining positive on the company's near term fundamentals but believes its longer-term growth opportunity faces risks from slower legalization of video lottery terminals and its plans for a new integrated resort in Chicago. 3. DocuSign (DOCU) downgraded to Peer Perform from Outperform at Wolfe Research with analyst Alex Zukin saying in addition to adjusting his models following the company's earnings report last week, his conversations with management suggest that the go-to-market issues are likely to have a longer duration. 4. Just Eat Takeaway (GRUB) downgraded to Market Perform from Outperform at Bernstein with analyst William Woods citing five reasons for the downgrade, including the GrubHub "problem" and activist pressures that have left a cloud, and tells investors in a research note that despite the significant de-rating and weak performance, he struggles to see positive catalysts in the pipeline, and sees the potential for more negative catalysts in the short- to medium-term. 5. Rio Tinto (RIO) downgraded to Neutral from Overweight at JPMorgan with analyst Lyndon Fagan recommending using the recent rise in ore prices and sentiment to reduce long exposure to stocks in the sector. click here.