Catch up on today’s top five analyst initiations with this list compiled by The Fly: 1. Becton Dickinson (BDX) was downgraded to Outperform from Strong Buy at Raymond James, to Market Perform from Outperform at Cowen, and to Sector Weight from Overweight at KeyBanc. 2. Ford (F) downgraded to Neutral from Outperform at Credit Suisse with analyst Dan Levy saying with Ford posting a third straight quarter of weak guidance, and with EBIT now down by nearly 50% since 2016 despite strength in its core market and product, there are increasingly questions of execution risk clouding the path of recovery. 3. Yum! Brands (YUM) downgraded to Neutral from Buy at BTIG with analyst Peter Saleh saying the U.S. Pizza Hut sales were weak as the “widely publisized” struggles among franchisees contributed to a 4% decline in comps. 4. Funko (FNKO) downgraded to Hold from Buy at Stifel with analyst Drew Crum saying the magnitude of the company’s Q4 miss weakens his investment thesis, which assumed Funko’s “broad diversity insulated it from this type of shortfall.” 5. Sirius XM (SIRI) downgraded to Neutral from Outperform at Credit Suisse with analyst Brian Russo citing valuation. This list is just a portion of The Fly’s analyst coverage. To see The Fly’s full Street Research coverage, (click here.):(http://thefly.com/streetResearch.php)
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