Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. ViacomCBS (VIAC) downgraded to Sell from Neutral at MoffettNathanson with analyst Michael Nathanson saying the domestic average revenue per user growth other media companies like ViacomCBS will be challenging as they are giving up higher linear per subscriber revenues for lower-monetized direct-to-consumer products. 2. AllianceBernstein (AB) downgraded to Neutral from Buy at Citi with analyst William Katz saying while there are a “number of good things” longer term, much of the company’s near-term prospects are now widely understood. 3. Tencent Music downgraded to Neutral from Buy at Goldman Sachs with analyst Piyush Mubayi saying he believes most of the positives are reflected in the current share price given the stock’s 65% year-to-date rally. 4. eHealth (EHTH) downgraded to Neutral from Buy at Goldman Sachs with analyst Yaron Kinar saying the buy thesis was unsuccessful as the company’s execution on turnaround initiatives fell short of expectations. 5. Enerplus (ERF) downgraded to Hold from Buy at Desjardins. 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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