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News For CQP From the Last 2 Days
Nov 30, 2021 | 10:01 EST
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dollar Tree (DLTR) downgraded to Neutral from Buy at Goldman Sachs with analyst Kate McShane saying while her higher target reflects a roll-forward of higher estimates and a higher market multiple, she downgrades the shares citing three reasons: an expected shift by the low-end consumer to focus on essentials while the company's initiatives are largely focused on discretionary expansion; the fact that traffic continues to decline at both of the company's banners despite lapping easy comparisons; and a view that shares are trading at a full valuation. 2. SolarEdge (SEDG) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Stephen Byrd saying while SolarEdge remains a "premium player" in the solar sector, the stock's year-to-date outperformance leaves limited room for further upside. 3. Goodrich Petroleum (GDP) downgraded to Neutral from Buy at Roth Capital with analyst John White noting that Goodrich Petroleum recently announced that it has entered into a definitive merger agreement. 4. Cheniere Energy Partners (CQP) downgraded to Underweight from Equal Weight at Barclays with analyst Christine Cho citing relative valuation for the downgrade with Cheniere Energy Partners trading at 13 times estimated 2024 EBITDA. 5. Central Garden & Pet (CENT) downgraded to Hold from Buy at Argus with analyst Kristina Ruggeri saying the company has gained market share through acquisitions as well as benefited from increased pet ownership and reduced mobility during the pandemic as consumers spend more time at home. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.