Catch up on today’s top five analyst upgrades with this list compiled by The Fly:
1. Booking Holdings (BKNG) and Expedia (EXPE) downgraded to Neutral from Buy at Citi.
2. Tesla (TSLA) downgraded to Neutral from Buy at New Street with analyst Pierre Ferragu saying Tesla still faces a “decade of hyper-growth” but near-term upside is now factored into the shares.
3. Mesa Air (MESA) downgraded to Hold from Buy at Deutsche Bank with analyst Michael Linenberg citing valuation.
4. Yandex (YNDX) downgraded to Hold from Buy at HSBC with analyst Raj Sinha saying the downgrade follows the run-up in the share price year-to-date.
5. Best Buy (BBY) downgraded to Sell from Neutral at Goldman Sachs with analyst Kate McShane saying With the “highly discretionary” category of durable goods and favorable share of wallet shift in 2020 that aided same-store-sales, Best Buy’s 2021 is likely to prove tougher given some aspect of pull-forward in the category, pressuring the outlook for gross margins and earnings.
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