Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Imperial Oil (IMO) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying following a sum-of-the-parts analysis, the analyst sees 15% absolute return downside. 2. Aon plc (AON), Willis Towers Watson (WLTW) and Marsh & McLennan (MMC) all downgraded to Neutral from Overweight at Piper Sandler with analyst Paul Newsome saying the companies have a high proportion of its businesses in economically sensitive consulting businesses with heavy project work components to revenue. 3. Bright Horizons (BFAM) downgraded to Neutral from Outperform at Baird with analyst Jeffrey Meuler saying he believes the company will face challenges in the near and intermediate term. 4. Proofpoint (PFPT) downgraded to Hold from Buy at Summit Insights with analyst Srini Nandury saying while the company is executing well on the things it can control, the ongoing pandemic will likely extend into the early part of next year at a minimum. 5. Ollie’s Bargain Outlet (OLLI) double downgraded to Underweight from Overweight at Wells Fargo with analyst Edward Kelly saying Ollie’s has had a “strong run through the pandemic, but the outlook for the stock from here looks challenging.” This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage,
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