Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Entegris (ENTG) downgraded to Hold from Buy at Deutsche Bank with analyst Sidney Ho saying the company's financial performance has done well in 2019 despite the semicap equipment market reeling from a sharp decline in memory spending. 2. Wendy's (WEN) downgraded to Market Perform from Outperform at Cowen with analyst Andrew Charles saying the company's decision to shift its focus from recovery to breakfast roll-out does not create a long-term competitive advantage as other companies have underperformed at Breakfast. 3. Carnival (CCL) downgraded to Hold from Buy at HSBC with analyst Ali Naqvi saying he reduced his target multiple for the shares to 10-times from 15-times to reflect Carnival's lower yield growth outlook, weak booking commentary and increasing capacity growth relative to peers. 4. HP Inc. (HPQ) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing its Analyst Day presentation, FY20 guidance, and announced job cuts, noting that the company's most profitable print & imaging business continues to struggle. 5. Ingersoll-Rand (IR) downgraded to Equal Weight from Overweight at Stephens with analyst Rob McCarthy saying he sees incremental concern for growth and sustainability of the HVAC cycle, and lowered his price target on the stock to $122, down from $124. 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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