On The Fly: Top five analyst downgrades - InvestingChannel

On The Fly: Top five analyst downgrades

Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Blue Apron (APRN) downgraded to Underweight from Equal Weight at Barclays with analyst Ross Sandler saying while the company’s third quarter revenue topped his estimate by 10%, the company burned $78M in free cash flow in the quarter, more than he expected. 2. Teva (TEVA) downgraded to Hold from Buy at Deutsche Bank with analyst Gregg Gilbert saying following the “disappointing” third quarter results and fourth quarter outlook, the analyst does not see enough to justify a Buy rating given the “multitude of uncertainties” on Teva’s capital structure, core generic business, and management’s ability to forecast its business. 3. Pandora (P) downgraded to Neutral from Buy at B. Riley FBR, to Neutral from Overweight at JPMorgan, and to Hold from Buy at SunTrust and Stifel. 4. Flowserve (FLS) downgraded to Neutral from Buy at Seaport Global and to Market Perform from Outperform at BMO Capital. 5. Newell Brands (NWL) downgraded to Outperform from Top Pick at RBC Capital and to Market Perform from Strong Buy at Raymond James. This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage, (click here.):(http://thefly.com/streetResearch.php)

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