Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Saia (SAIA) downgraded to Underperform from Neutral at BofA with analyst Ariel Rosa saying the disappointing February volumes reflect challenging weather conditions that were out of Saia’s controls, but the company’s peer Old Dominion (ODFL) still has positive tonnage and shipment growth. 2. Dycom (DY) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Eric Luebchow saying the company’s near-term growth is now priced into the shares. 3. Mesa Air (MESA) downgraded to Hold from Buy at Deutsche Bank with analyst Michael Linenberg saying the market has appreciated the company’s’ recent developments by bidding the stock up more than 100% to a level that closely approximates fair value. 4. Yext (YEXT) downgraded to Market Perform from Outperform at William Blair with analyst Arjun Bhatia seeing “growth headwinds and limited visibility.” 5. Retail Properties downgraded to Sector Weight from Overweight at KeyBanc with analyst Todd Thomas seeing less upside in the near-term versus peers following the stock’s 105% return since November 9. 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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