Fly Intel: Top five analyst downgrades

Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Livongo Health (LVGO) downgraded to Neutral from Buy at Goldman Sachs with analyst Robert Jones saying since its initial public offering on July 26, 2019, Livongo has outperformed the market by 92% as management has “over delivered relative to already healthy expectations.” 2. Deutsche Bank (DB) downgraded to Sell from Hold at Societe Generale with analyst Andrew Lim citing increased ESG risks given that the bank has had many litigation issues over the years. 3. National Grid (NGG) downgraded to Hold from Buy at HSBC with analyst Verity Mitchell saying she sees limited upside at the current levels as National Grid has limited financial headroom because of the short-term impact of the COVID-19 pandemic on its earnings, while it also needs a supportive price control from Ofgem and scrip take-up to support the balance sheet. 4. FormFactor (FORM) downgraded to Hold from Buy at Craig-Hallum with analyst Christian Schwab saying he believes the shares are fairly priced at current levels. 5. Franklin Electric (FELE) downgraded to Neutral from Buy at DA Davidson with analyst Matt Summerville saying he sees “mixed” demand conditions for the company persisting “well into” 2021, with a “notable” headwind in its Fuelling segment as well as a notable FX headwind. This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage, (click here.):(