Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Wex (WEX) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Timothy Willi saying Wex’s fundamental rebound “has been a bit more gradual” than expected, limiting his ability to raise estimates and the price target. 2. Helmerich & Payne (HP) downgraded to Underweight from Equal Weight at Barclays with analyst J. David Anderson saying it is hard to make an investment case for land drillers as utilization and day rates slide. 3. DuPont (DD) downgraded to Equal Weight from Overweight at Stephens with analyst Mark Connelly saying if cost cutting were the solution to DuPont’s problems, the stock would be soaring right now. 4. Weyerhaeuser (WY) downgraded to Neutral from Buy at DA Davidson with analyst Steven Chercover saying the stock has recovered most of previously lost ground, while an “unexpected surge” in Repair & Remodel activity sent Wood Products on a record run. 5. General Dynamics (GD) downgraded to Hold from Buy at Argus with analyst John Eade saying the company’s Q2 earnings topped consensus but fell 21% relative to the prior year, also warning of a high risk that its Aerospace earnings may disappoint this year without a sufficient offset by the Defense businesses. 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)
previous post
next post