Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Restaurant Brands (QSR) downgraded to Market Perform from Outperform at Cowen with analyst Andrew Charles viewing shares as fairly valued following a “challenged” Q4 and outlook, trading in-line with the average of global, highly franchised peers. 2. Mission Produce (AVO) downgraded to Neutral from Overweight at JPMorgan with analyst Thomas Palmer saying he no longer sees enough upside in the shares to warrant a constructive rating following the recent rally. 3. General Electric (GE) downgraded to Perform from Outperform at Oppenheimer with analyst Christopher Glynn saying given the visible EBITDA recovery amid the pent-up demand for air travel, he anticipates “secure capital preservation on recent gains,” but Glynn awaits the emergence of consistent net free cash flow and what will be a less capital-intensive enterprise after the GECAS deal and following its current period of “elevated restructuring.” 4. Talend (TLND) downgraded to Hold from Buy at Needham with analyst Jack Andrews noting that the announcement of its acquisition by Thoma Bravo was “not surprising” but “mildly disappointing” as the company was “set to return to growth acceleration.” 5. Resideo (REZI) downgraded to Neutral from Buy at Roth Capital with analyst Craig Irwin saying management offered “unrealistic” products and solutions gross margin guidance, “showing the team is out of touch.” 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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