Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Viatris (VTRS) downgraded to Neutral from Buy at Goldman Sachs with analyst Nathan Rich saying he underappreciated the “magnitude and number of headwinds” facing the business in 2021. 2. SeaWorld (SEAS) downgraded to Neutral from Buy at Citi with analyst Jason Bazinet saying management continues to execute “remarkably well” with continued cost cuts, higher guest spending and initiatives like year-round park operations in several parks. 3. Inventiva (IVA) double downgraded to Sell from Buy at Societe Generale with analyst Delphine Le Louet saying after Phase II meetings with the oversight authorities, Inventiva will enter Phase III with its first patient. 4. Entergy (ETR) downgraded to Sector Weight from Overweight at KeyBanc with analyst Sophie Karp noting the company is now facing an additional proceeding at the FERC on top of the two existing complaints, and the regulatory climate in AR appears to grow more complicated. 5. HomeStreet (HMST) downgraded to Neutral from Buy at DA Davidson with analyst Jeff Rulis saying the company’s recent progress is “not expected” to be “forfeited”, but a “material” improvement from 2020’s strong performance will be challenging over the near term. 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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