Fly Intel: Top five analyst downgrades

Catch up on today’s top five analyst downgrades with this list compiled by The Fly:

1. Take-Two (TTWO) downgraded to Sector Weight from Overweight at KeyBanc, with analyst Tyler Parker saying the shares are now trading at a premium to peers despite the fact that the company’s FY22 slate “remains a bit of a question mark.”

2. Palantir (PLTR) downgraded to Sell from Neutral at Citi, with analyst Tyler Radke saying the stock is “vulnerable” heading into 2021 with the upcoming lockup expiry, and an expected deceleration in growth.

3. Carter’s (CRI) downgraded to Equal Weight from Overweight at Wells Fargo, with analyst Ike Boruchow saying that while he still sees several positives in the story, including real estate rationalization, gross margin tailwinds, healthy wholesale outlook, he simply sees better long ideas in the space as the stock has now hit his price target.

4. GrowGeneration (GRWG) downgraded to Neutral from Buy at Roth Capital, with analyst Scott Fortune citing valuation. The analyst says GrowGeneration trades at seven times 2021 sales and 62 times adjusted EBITDA, “surpassing high-growth analogous industries.”

5. Organigram (OGI) downgraded to Hold from Speculative Buy at Cannacord and to Neutral from Buy at Alliance Global Partners.

This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage, Click HERE !

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