Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Concho Resources (CXO) downgraded to Neutral from Buy at MKM Partners. 2. Sprouts Farmers Market (SFM) downgraded to Hold from Buy at Gordon Haskett with analyst Chuck Grom saying he has cut his 2021/2022 EPS estimates given his concerns about how the company will retain and cultivate both new and existing shoppers with much of the company’s year-to-date comp strength supported by its Instacart partnership and with no formal loyalty card program in place. 3. Simmons First National (SFNC) downgraded to Neutral from Buy at DA Davidson with analyst Gary Tenner saying the company’s core Q3 earnings of 46c was below his estimate. 4. Front Yard downgraded to Market Perform from Outperform at JMP Securities and Northland, while being downgraded to Neutral from Outperform at Credit Suisse. 5. BioSpecifics (BSTC) downgraded to Neutral from Buy at H.C. Wainwright with analyst Raghuram Selvaraju saying Endo’s decision to acquire BioSpecifics is “logical and not surprising.” 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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