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Fly News Breaks for January 14, 2020
SYY, DLPH, FCX, TTWO, AAPL
Jan 14, 2020 | 10:08 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Underweight from Neutral at Atlantic Equities with analyst James Cordwell telling investors that the stock's 50% relative outperformance over the last 12 months has been driven "entirely" by multiple expansion. 2. Freeport McMoRan (FCX) downgraded to Underperform from Neutral at Credit Suisse with analyst Curt Woodworth stating the company "lacks valuation support" given mid-cycle EBITDA and the copper production reset "sharply lower" in 2023. 3. Sysco (SYY) downgraded to Neutral from Overweight at Piper Sandler with analyst Nicole Miller Regan citing Monday's "unanticipated" CEO transition announcement. 4. Take-Two (TTWO) downgraded to Equal Weight from Overweight at Stephens with analyst Jeff Cohen stating that it is not clear that they will have a blockbuster non-sports title within the company's currently announced FY21 release slate. 5. Delphi Technologies (DLPH) downgraded to Hold from Buy at Deutsche Bank with analyst Emmanuel Rosner saying hew worries that industry demand and powertrain mix in Europe could be a large source of uncertainty and production volatility in 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.
News For AAPL;FCX;SYY;TTWO;DLPH From the Last 2 Days
AAPL
Jan 20, 2020 | 15:41 EST
Baking changes to global rules that are currently under consideration, Apple CEO Tim Cook said that everyone knows that the global corporate tax system needs to be overhauled, Reuters' Padraic Halpin writes. "I think logically everybody knows it needs to be rehauled, I would certainly be the last person to say that the current system or the past system was the perfect system. I'm hopeful and optimistic that they (the OECD) will find something," Cook said. Reference Link
AAPL
Jan 18, 2020 | 08:12 EDT
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly: 1. PHASE 1 DEAL... To see the rest of the story go to thefly.com. See Story Here