Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Arista Networks (ANET) downgraded to Neutral from Buy at Citi with analyst Jim Suva saying he expects the data center switching market to remain under pressure and for the company’s share losses to white box to continue. 2. United Airlines (UAL) downgraded to Equal Weight from Overweight at Barclays with analyst Brandon Oglenski saying he sees a “slow path to recovery” for the Airlines sector with U.S. revenue down roughly 70% heading into Q4. 3. Pfizer (PFE) downgraded to Neutral from Overweight at Atlantic Equities with analyst Steve Chesney saying that the company is no longer positioned for “above industry growth” following the failure of Ibrance in early breast cancer indications. 4. Cisco (CSCO) downgraded to Neutral from Buy at Citi with analyst Jim Suva saying the company’s switching and routing sales, which represent 40% of its revenue, remain on the decline. 5. MGM Resorts (MGM) downgraded to Underweight from Equal Weight at Barclays with analyst Felicia Hendrix saying the company offers the least relative upside in the gaming and lodging space. 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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