Fly Intel: Top five analyst downgrades

Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Disney (DIS) downgraded to Hold from Buy at Loop Capital with analyst Alan Gould saying the Street is overestimating the speed of recovery from the pandemic, while the loss of the company’s Streaming business head Kevin Mayer announced yesterday adds to the uncertainty. 2. Comcast (CMCSA) downgraded to Neutral from Buy at Guggenheim with analyst Mike McCormack saying he sees NBCUniversal being “particularly challenged” given its exposure to theme parks, filmed entertainment, and advertising. 3. Expedia (EXPE) downgraded to Hold from Buy at Jefferies with analyst Brent Thill saying although Expedia and Booking Holdings (BKNG) are trading just above trough multiples, he’s cautious on the stocks “as the recovery could be more prolonged than past downturns.” 4. Sunnova Energy (NOVA) downgraded to Neutral from Outperform at Credit Suisse with analyst Michael Weinstein saying the company remains a “great story” and the desire of its management to shore up capital during uncertain times is “understandable” given its working capital needs during its growth phase. 5. TherapeuticsMD (TXMD) downgraded to Neutral from Overweight at JPMorgan with analyst Christopher Schott saying disruptions caused by COVID-19 have placed the company in a “difficult position,” having to balance its commercial investments against cash burn considerations. 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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