Fly Intel: Top five analyst downgrades

Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. HP Enterprise (HPE) downgraded to Market Perform from Outperform at Raymond James with analyst Simon Leopold saying he is “sympathetic” to the challenges companies face when trying to forecast results in light of the COVID-19 crisis, but the unexpected restructuring efforts degrade his confidence. 2. Roku (ROKU) downgraded to Equal Weight from Overweight at Stephens with analyst Kyle Evans citing his continued concerns with the duration and magnitude of what he believes is Roku overearning versus its “most important Smart TV OEM by a significant margin,” TCL. 3. Oneok (OKE) downgraded to Neutral from Overweight at JPMorgan with analyst Jeremy Tonet saying he expects extended Bakken production and midstream headwinds. 4. Galmed (GLMD) downgraded to Neutral from Buy at B. Riley FBR with analyst Mayank Mamtani being “increasingly cautious” on the shares after hosting call with Dr. Stephen Harrison from Pinnacle Clinical Research on recent advances in clinical development of therapeutics in non-alcoholic steatohepatitis. 5. Aurora Cannabis (ACB) downgraded to Underperform from Hold at Jefferies. 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)