Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. American Airlines (AAL) and JetBlue (JBLU) downgraded to Neutral from Positive at Susquehanna. 2. Eli Lilly (LLY) downgraded to Neutral from Buy at UBS with analyst Navin Jacob saying his previous Buy thesis was rooted in his expected Trulicity strength despite the competition from Rybelsus as well as the anticipated operating margin expansion driven by multiple new drug launches, stating that these dynamic have played out while consensus has risen to meet his estimates. 3. PSEG (PEG) downgraded to Equal Weight from Overweight at Barclays. 4. Illumina (ILMN) downgraded to Neutral from Outperform at Baird with analyst Catherine Ramsey Schulte saying its recent outperformance and now sees the risk/reward as balanced at current levels. 5. Acushnet Holdings (GOLF) downgraded to Sell from Neutral at Compass Point with analyst Casey Alexander saying he now sees the current environment extending into 2021, at least to some extent. 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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