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Fly News Breaks for December 18, 2019
GLPG, HAL, FDX, DPZ, AMC
Dec 18, 2019 | 10:16 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FedEx (FDX) downgraded to Perform from Outperform at Oppenheimer with analyst Scott Schneeberger saying the company's Q2 results were weaker than expected on a lighter than expected Express/Ground segment performance. 2. Domino's Pizza (DPZ) downgraded to Neutral from Buy at Longbow with analyst Alton Stump citing valuation. 3. AMC Entertainment (AMC) downgraded to Underperform from Neutral at BofA/Merrill with analyst Bryan Goldberg saying he sees a "tough" compares for the 2020 film slate and highlights the lapping of Stubs A-List price increase. 4. Halliburton (HAL) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Boyd saying while down 7% year-to-date, Halliburton is the best performing large cap energy stock over the past three months on positive changes in frac fundamentals, macro improvements, and high short interest. 5. Galapagos (GLPG) downgraded to Neutral from Buy at Citi with analyst Nick Nieland saying he views the current valuation as fair and sees fewer clinical catalysts into the first half of 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.