Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Vale (VALE) downgraded to Underperform from Outperform at Exane BNP Paribas with analyst Sylvain Brunet stating that the “reflation trade” is favorable for commodities, but rising yields have triggered some reset and “cleared some speculative positioning”, which has become visible in the space. 2. Cheniere Energy Partners (CQP) downgraded to Underweight from Neutral at JPMorgan with analyst Jeremy Tonet remaining constructive on long-term global liquefied natural gas demand, but saying Cheniere Energy Partners “screens less favorable on a variety of metrics.” 3. Lennar (LEN) downgraded to Sector Perform from Outperform at RBC Capital with analyst Michael Dahl seeing a more “balanced” risk-reward on the stock. 4. MVB Financial (MVBF) downgraded to Neutral from Overweight at Piper Sandler with analyst Nicholas Cucharale citing valuation. 5. M.D.C. Holdings (MDC) downgraded to Underperform from Neutral at BofA with analyst John Lovallo maintaining his view of the company as a “well-run, well-positioned” homebuilder, but believes that the year-to-date run-up in the stock has factored in the positives – particularly when considering the “affordability challenges” expected to surface in the months ahead when M.D. C. goes to market amid “elevated” average selling prices. 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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