| 2021-12-07 09:51:36|
VRM, ROST… 09:51 12/07 12/07/21
Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Vroom (VRM) downgraded to Neutral from Overweight at JPMorgan with analyst Rajat Gupta saying investor skepticism is unlikely to change in the current "tough capacity ramp and peak used car pricing backdrop." 2. Ross Stores (ROST) downgraded to Market Perform from Outperform at Cowen with analyst John Kernan remaining "constructive" on the company's long-term market share opportunity but says consensus estimates underestimate product cost inflation, supply chain inflation and wage inflation into fiscal 2022. 3. Air Products (APD) and Linde (LIN) downgraded to In Line from Outperform at Evercore ISI with analyst Stephen Richardson saying he is shifting preferences among the specialty chemicals names. 4. Merck (MRK) downgraded to Neutral from Buy at Guggenheim with analyst Seamus Fernandez saying he does not see a path forward for islatravir in HIV, which he said worsens the company's already low pipeline visibility. 5. Helmerich & Payne (HP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Connor Lynagh saying he thinks a more risk-on view for this group, and for the broader oil services industry, is appropriate at this point in the cycle and in light of recent trading action. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.