Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Etsy (ETSY) downgraded to Sector Weight from Overweight at KeyBanc with analyst Edward Yruma saying Etsy remains one of the best long-term growth stories in internet retail, but the near-term likelihood of positive earnings revisions is low. 2. HCA Healthcare (HCA) downgraded to Neutral from Buy at Citi with analyst Ralph Giacobbe saying he views HCA’s risk/reward are more balanced at current share levels. 3. Best Buy (BBY) downgraded to Neutral from Outperform at Wedbush with analyst Seth Basham saying he believes that the category will continue to trail home improvement and home furnishings category growth in 2021. 4. Boston Beer (SAM) downgraded to Neutral from Buy at Citi with analyst Wendy Nicholson saying at this point, it feels as if the stock is priced “for perfection.” 5. Polaris (PII) downgraded to Neutral from Buy at Citi with analyst Shawn Collins saying the fundamentals of Polaris’ business “have never been stronger” but in only 7 months, the stock is up 58%. 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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