Fly Intel: Top five analyst downgrades - InvestingChannel

Fly Intel: Top five analyst downgrades

Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Robert Half (RHI) downgraded to Underperform from Neutral at Credit Suisse with analyst Kevin McVeigh saying he sees limited near-term catalysts to rerate shares further with initial claims having declined significantly coupled with high COVID-19 vaccine. 2. Victory Capital (VCTR) double-downgraded to Underperform from Buy at BofA with analyst Michael Carrier citing the recent market rally, the company’s participation and the ongoing outflows supporting the rating change. 3. FuelCell (FCEL) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster citing valuation. 4. Zions Bancorp (ZION) downgraded to Neutral from Buy at DA Davidson with analyst Gary Tenner saying despite the outperformance, he maintains that Zions could face revenue headwinds, with Q3 likely seen as the likely near-term high-water mark given the bank’s asset yield headwinds and with the company’s “modest” loan growth posing a challenge. 5. Arcosa (ACA) downgraded to Hold from Buy at Gabelli with analyst Justin Bergner saying while he likes the company’s exposure to infrastructure and grid reliability spending and views an infrastructure bill as an upside option, he does not see any catalysts that are “imminent” while viewing the stock’s current valuation as “relatively full.” 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)