Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Core Laboratories (CLB) downgraded to Sell from Neutral at Citi with analyst Scott Gruber opening a “negative catalyst watch” into the company’s fiscal Q2 earnings report. 2. AvalonBay (AVB) downgraded to In Line from Outperform at Evercore ISI with analyst Steve Sakwa saying the stock has surged recently and sees less upside near-term from a total return perspective. 3. Paramount Group (PGRE) downgraded to Underperform from In Line at Evercore ISI with analyst Steve Sakwa saying while the leasing environment is slowly getting better in New York and San Francisco, Sakwa is pushing out the timeline for the lease up of the former Barclays space, which reduces the firm’s 2022 FFO estimates. 4. UWM Holdings (UWMC) downgraded to Neutral from Outperform at Wedbush with analyst Henry Coffey saying that given the current value of the shares, he is moving to the sidelines. 5. First Bancshares (FBMS) downgraded to Neutral from Buy at DA Davidson with analyst Kevin Fitzsimmons saying the stock has had a “strong run” of 89% over the past year, reaching “premium valuation” leaving less room for meaningful upside potential. This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage,
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