Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Credit Suisse (CS) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Magdalena Stoklosa believing “lingering uncertainty” from the hedge fund loss will delay a re-rating in the shares. 2. British American Tobacco (BTI) downgraded to Neutral from Overweight at JPMorgan with analyst Celine Pannuti saying the company is entering an investment ramp-up phase that is likely to hold back earnings growth over the medium term. 3. Charter (CHTR) downgraded to Neutral from Buy at Citi with analyst Michael Rollins saying three recent developments give the analyst pause regarding future broadband growth for cable firms: faster annual fiber upgrades, wireless home broadband ambitions, and risks from government policy direction. 4. Altice USA (ATUS) downgraded to Neutral from Buy at Citi with analyst Michael Rollins saying consensus for average broadband net adds between 2022 and 2025 “seems too robust and may need to be cut by more than half.” 5. Chuy’s (CHUY) downgraded to Hold from Buy at Stifel with analyst Chris O’Cull citing valuation for the downgrade following the stock’s recent rally. 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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