Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Stitch Fix (SFIX) downgraded to Sector Weight from Overweight at KeyBanc and downgraded to In Line from Outperform at Evercore ISI following Q1 results. 2. Becton Dickinson (BDX) downgraded to Neutral from Overweight at Piper Sandler with analyst Jason Bednar seeing a lack of catalysts for shares over at least the next six months along with "nagging uncertainty" regarding the achievability of consensus margin targets later this year. 3. Honeywell (HON) downgraded to Neutral from Buy at BofA with analyst Andrew Obin saying the company's M&A and inorganic investments have shifted its portfolio structurally higher growth rates and margins, but Honeywell is also likely to face revenue and margin headwinds in the first half of 2022. 4. Kraft Heinz (KHC) downgraded to Neutral at Guggenheim on lack of pricing power with analyst Laurent Grandet stating that he was "too optimistic" when he upgraded shares a year ago after the company revealed its new strategic plan and its divestment from commoditized Planters and the Kraft Cheese businesses. 5. AeroVironment (AVAV) downgraded to Hold from Buy at Canaccord with analyst Austin Moeller saying management attributed the 21% cut in projected revenue and 42% cut for adjusted EBITDA to a combination of supply chain delays, staffing shortages and ongoing delays in the FY22 defense budget. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.