Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Under Armour (UA, UAA) downgraded to Buy from Conviction Buy at Goldman Sachs and to Neutral from Outperform at Baird. 2. Hudson (HUD) downgraded to Underperform from Neutral at BofA/Merrill with analyst Marisa Sullivan saying after a “disappointing” set of Q3 results and Q4 guidance, she sees an “increasingly uncertain” outlook for the company’s core business despite the contributions being made from the OHM and Brookstone acquisitions. 3. Stryker (SYK) downgraded to Equal Weight from Overweight at Barclays with analyst Kristen Stewart saying while Stryker remains a “strong company fundamentally,” the stock’s performance over the next year is likely to be restrained by the outstanding Wright Medical Group (WMGI)m which is not expected to close until Q3 of 2020. 4. U.S. Steel (X) downgraded to Hold from Buy at Argus with analyst David Coleman saying its Q3 earnings came in “significantly short” relative to his estimates. 5. Prudential (PRU) downgraded to Market Perform from Outperform at Wells Fargo with analyst Elyse Greenspan saying the company’s quarterly EPS of $3.22 handily beat estimates, but this was the second quarter in a row where earnings have been re-based lower. 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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