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Fly News Breaks for May 17, 2019
NPTN, BIDU, WWW, XTNT, CWH
May 17, 2019 | 10:18 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Camping World (CWH) downgraded to Sector Weight from Overweight at KeyBanc with analyst Bret Andress saying the RV industry is performing about as expected, but higher fixed costs and an "uninspiring" Gander trajectory are likely to result in further downside to estimates. 2. Wolverine World Wide (WWW) downgraded to Hold from Buy at Argus with analyst John Staszak saying that spending on footwear will still grow over the longer term as consumer confidence improves and points to the company cutting of expenses and "pruning" of underperforming brands, but also sees the gains derived from these efforts as being reflected in Wolverine World Wide stock price. 3. NeoPhotonics (NPTN) downgraded to Neutral from Buy at MKM Partners and to Hold from Strong Buy at Needham. 4. Xtant (XTNT) downgraded to Hold from Buy at Maxim. 5. Baidu (BIDU) downgraded to Hold from Buy at Deutsche Bank with analyst Han Joon Kim saying he company's growth is slowing more than feared as it is losing market share in advertising at a faster pace than expected. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.