Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. ContextLogic (WISH) downgraded to In Line from Outperform at Evercore ISI with analyst Shweta Khajuria saying Rajat Bahri’s exit raises execution risk, especially after what Khajuria calls “a rocky public debut for the company.” 2. BHP Group (BHP) downgraded to Sell from Hold at Liberum with analyst Ben Davis saying the “Restocking Indicator moved to a clear SELL signal for July.” 3. Atotech (ATC) downgraded to Hold from Buy at Deutsche Bank with analyst David Begleiter believing MKS Instruments’ (MKSI) agreement to acquire Atotech for $26 per share represents a “fair but not full price for the company.” 4. Keysight Technologies (KEYS) downgraded to Equal Weight from Overweight at Barclays with analyst Tim Long saying management execution “has been excellent,” but further material margin expansion is limited and an impending 5G cycle deceleration “should leave the shares in a trading range.” 5. Hennes & Mauritz (HNNMY) downgraded to Neutral from Buy at Citi with analyst Adam Cochrane saying the total return upside potential isn’t enough to warrant a positive rating. 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)
previous post
next post