Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Las Vegas Sands (LVS) downgraded to Neutral from Buy at BofA with analyst Shaun Kelley stating that his rating changes reflect declining expectations of a recovery in Asia – both in Macau and Singapore – against an increasing conviction of a U.S. vaccine distribution and the recovery of the Las Vegas market. 2. ViacomCBS (VIAC) downgraded to Sell from Neutral at UBS with analyst John Hodulik noting that “resilient” advertising and affiliate trends drove the stock’s gains over the past two weeks, but also warns that the appreciation dues not fully discount the risks around cannibalization of the company’s legacy Pay TV business and content licensing related to the “significant” DTC shift. 3. Constellium (CSTM) downgraded to Market Perform from Outperform at Northland with analyst Gus Richard noting that nine of the top 10 auto OEMs have had to shut down lines due to chip shortages which he believes will impact the near-term outlook for companies in the auto supply chain, including Constellium. 4. Oneok (OKE) downgraded to Neutral from Buy at Seaport Global with analyst Sunil Sibal saying while Sibal continues to view Oneok befitting from a strong rebound in volumes, the analyst notes that 2021 and forward growth visibility is somewhat dependent on the continuation of the DAPL pipeline and he does not expect significant volume upside unless there is visibility to a continuation of DAPL and a “constructive commodity price.” 5. Systemax (SYX) downgraded to Neutral from Buy at Sidoti with analyst Anthony Lebiedzinski saying while he has raised his EPS estimates, driving the higher price target, he now views the shares as trading close to fair value.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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