Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Beyond Meat (BYND) downgraded to Underweight from Neutral at JPMorgan with analyst Ken Goldman saying the stock’s 108% rally year-to-date is “above and beyond what we consider rational,” even for a good company like Beyond Meat. 2. Novocure (NVCR) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Lawrence Biegelsen citing valuation. 3. Aimco (AIV) downgraded to Sell from Neutral at Citi with analyst Nicholas Joseph citing valuation. 4. Home Depot (HD) and Lowe’s (LOW) both downgraded to Perform from Outperform at Oppenheimer with analyst Brian Nagel saying he is increasingly concerned that the market is becoming “too lax” toward chances of a post-COVID-19 sales growth downshift. 5. Mirati Therapeutics (MRTX) downgraded to Neutral from Buy at Citi with analyst Yigal Nochomovitz saying the market has now assigned appropriate credit to MRTX849 and Mirati’s preclinical KRAS G12D asset, MRTX1133. 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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