Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Shopify (SHOP) downgraded to Hold from Buy at Canaccord with analyst David Hynes citing valuation. 2. ServiceNow (NOW) downgraded to Neutral from Overweight at Piper Sandler with analyst Rob Owens saying he feels “upside is limited” and believes investors “should be prudent given the current pandemic.” 3. Zebra Technologies (ZBRA) downgraded to Neutral from Overweight at JPMorgan and to Neutral from Buy at Northcoast. 4. Dollar General (DG) downgraded to Hold from Buy at Loop Capital with analyst Rob Owens citing valuation. 5. Summit Materials (SUM) downgraded to Equal Weight from Overweight at Stephens with analyst Trey Grooms saying while there has been no material impact to demand from the pandemic in Summit’s markets yet, he continues to expect private construction demand, both residential and non-residential, to decline significantly in the coming months. 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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