Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Kodiak Sciences (KOD) downgraded to Neutral from Overweight at JPMorgan with analyst Anupam Rama saying that KSI-301 has “best-in-class” potential for retinal vascular diseases. 2. Kinder Morgan (KMI) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Michael Blum saying for “the first time in a long time,” the analyst is bullish midstream heading into 2021. 3. Sunoco LP (SUN) downgraded to Underweight from Equal Weight at Wells Fargo with analyst Ned Baramov downgraded saying for “the first time in a long time,” the analyst is bullish midstream heading into 2021, but Baramov’s rating changes reflect a shift to more volume and price sensitive beta names with downgrades of more defensive, fee-based stocks. 4. Fortive (FTV) downgraded to Equal Weight from Overweight at Barclays with analyst Julian Mitchell saying Fortive is trading at the high end of its relative valuation range to history versus peers, and a “sharp” cyclical revenue recovery appears well factored into Street estimates, “while the scope for self-help looks somewhat limited.” 5. Delta Air Lines (DAL) downgraded to Market Perform from Outperform and Southwest (LUV) downgraded to Outperform from Strong Buy at Raymond James. 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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