Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Teck Resources (TECK) downgraded to Equal Weight from Overweight at Barclays with analyst Matthew Murphy seeing the mining sector as “sticking to old post-supercycle tricks – modest capex and cautious payouts.” 2. Ecopetrol (EC) downgraded to Neutral from Buy at UBS with analyst Luiz Carvalho saying the company is going in the right direction by focusing on profitability and investing in E&P, but these efforts are unlikely to address the analysts main concerns around production growth and reserve life. 3. Beyond Meat (BYND) downgraded to Neutral from Overweight at Piper Sandler with analyst Michael Lavery saying its current retail momentum “lags consensus expectations” in Q4, and estimates may be at risk in 2021. 4. Kellogg (K) downgraded to Neutral from Overweight at Piper Sandler with analyst Michael Lavery saying he expects Kellogg’s sales and earnings growth trajectory to lag peers over the next two years. 5. Keurig Dr Pepper (KDP) and PepsiCo (PEP) downgraded to In Line from Outperform at Evercore ISI. 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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