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Fly News Breaks for January 6, 2020
DLTR, USB, HBAN, C, CDE, AAPL
Jan 6, 2020 | 10:10 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Buy from Strong Buy at Needham with analyst Laura Martin citing the stock's 84% rally in 2019 for the downgrade. 2. Coeur Mining (CDE) downgraded to Neutral from Buy at B. Riley FBR with analyst Joe Reagor saying he believes the company has benefited from the recent increase in precious metals prices and strong peer performance, but thinks production and financial results are likely to disappoint the market resulting in a reduction in valuation. 3. Citi (C) and Huntington Bancshares (HBAN) downgraded to Hold from Buy at Deutsche Bank. 4. U.S. Bancorp (USB) downgraded to Sell from Neutral at Goldman Sachs and to Underweight from Equal Weight at Wells Fargo. 5. Dollar Tree (DLTR) downgraded to Sell from Hold at Loop Capital with analyst Anthony Chukumba saying he sees no reason to believe that the "beleaguered" Family Dollar segment's performance will improve markedly in fiscal 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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