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Fly News Breaks for August 23, 2019
Aug 23, 2019 | 10:09 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HP Inc. (HPQ) downgraded In Line at Evercore ISI. 2. Macy's (M) downgraded to Neutral from Buy at Guggenheim. 3. L Brands (LB) downgraded to Sector Perform from Outperform at RBC Capital with analyst Kate Fitzsimons saying she thinks Victoria's Secret product and marketing efforts into second half 2019 will take longer tin inflect the business than outlined by management's 2019 outlook. 4. Triumph Group (TGI) downgraded to Underweight from Equal Weight at Barclays with analyst David Strauss saying he doesn't foresee meaningful free cash flow over the next several years, estimating annual free cash flow well below $100M through FY22. 5. Pool Corp. (POOL) downgraded to Neutral from Buy at Sidoti with analyst Anthony Lebiedzinski saying he sees limited upside to his $215 price target following the stock's 30% advance over the past 12 months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.