Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Moderna (MRNA) downgraded to Hold from Buy at Jefferies and downgraded to Equal Weight from Overweight at Morgan Stanley. 2. JetBlue (JBLU), Spirit Airlines (SAVE) and United Airlines (UAL) all downgraded to Underweight from Overweight at JPMorgan. 3. Electronic Arts (EA) downgraded to Neutral from Overweight at JPMorgan with analyst Alexia Quadrani saying the company has a “relatively weaker track record of execution” versus peers, which is a reason why the shares continue to trade at a slight discount to Activision Blizzard (ATVI). 4. Pfizer (PFE) downgraded to Sector Perform from Outperform at RBC Capital with analyst Randall Stanicky saying shares already reflect Covid vaccine success, making meaningful additional upside harder to justify. 5. Penumbra (PEN) downgraded to Neutral from Buy at BTIG with analyst Ryan Zimmerman citing the voluntary recall of its JET 7 Reperfusion Catheter with Xtra Flex technology. 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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