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Fly News Breaks for May 14, 2019
SHOO, SHOP, GIII, SLDB, INSY, DE
May 14, 2019 | 10:06 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Solid Biosciences (SLDB) downgraded to Underperform from Neutral at Credit Suisse, to Sell from Neutral at Goldman Sachs, and to Neutral from Buy at Chardan. 2. Shopify (SHOP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Essex citing his view that the stock is not deserving of the same multiple as high-growth U.S. 3. Deere (DE) downgraded to Underweight from Neutral at JPMorgan with analyst Ann Duignan saying she sees "rapidly deteriorating" fundamentals in U.S. agriculture. 4. G-III Apparel (GIII) and Steven Madden (SHOO) downgraded to Neutral from Overweight at Piper Jaffray. 5. Insys Therapeutics (INSY) downgraded to Neutral from Buy at Janney Montgomery Scott. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For SLDB;SHOP;DE;GIII;SHOO;INSY From the Last 2 Days
DE
Jun 16, 2019 | 21:30 EDT
Baird analyst Mig Dobre upgraded Titan Machinery (TITN) to Outperform from Neutral and raised his price target for the shares to $24 from $18. The analyst says favorable weather conditions trump trade war concerns. He also upgraded Deere (DE) to Outperform from Neutral for a similar rationale.