Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. McDonald’s (MCD) downgraded to Neutral from Overweight at Piper Jaffray with analyst Nicole Miller Regan saying while the company’s fundamentals are solid, CEO changes “of this magnitude tend to be disruptive.” 2. Verizon (VZ) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying AT&T’s (T) new price reductions, and T-Mobile’s (TMUS) likely response, reduces visibility into Verizon’s near-term growth trajectory. 3. Delphi Technologies (DLPH) downgraded to Equal Weight from Overweight at Barclays with analyst Brian Johnson saying the company’s Q3 results, while not terrible,” introduced a “handful of warning signals” that give pause when thinking through the company’s transition path over the next two years. 4. Papa John’s (PZZA) downgraded to Hold from Buy at Jefferies with analyst Alexander Slagle saying the company is on the path to recovery, but the stock now reflects this trajectory as well as the potential for its same-store-sales to turn modestly positive in Q4 and 2020. 5. Harley-Davidson (HOG) downgraded to Underweight from Sector Weight at KeyBanc with analyst Brett Andress citing dealer checks, deteriorating new and used conditions and a lack of near-term catalysts for the downgrade. 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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