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Fly News Breaks for March 16, 2018
W, WOW, RPM, D, VVV
Mar 16, 2018 | 10:26 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dominion (D) downgraded to Neutral from Buy at UBS and to Neutral from Overweight at JPMorgan. 2. WideOpenWest (WOW) downgraded to Neutral from Buy at UBS with analyst John Hodulik saying he believes the company's rising investment pushes out its growth. 3. Valvoline (VVV) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas citing valuation. 4. RPM (RPM) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying RPM shares trade at the high end of a valuation range for its coatings peers. 5. Wayfair (W) downgraded to Underperform from Neutral at DA Davidson with analyst Tom Forte saying "in hindsight" he now sees management's declaration on its fourth quarter earnings call of plans to significantly ramp investment spending as influenced by increased competition from Overstock (OSTK). 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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