Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Cloudera (CLDR) downgraded to Market Perform from Outperform at JMP Securities with analyst Patrick Walravens citing the filing of its preliminary proxy statement for shareholders to approve its takeover by Sky Parent and Kohlberg Kravis Roberts for $16 per share. 2. XL Fleet (XL) downgraded to Neutral from Buy at BTIG with analyst Gregory Lewis continuing to expect the electrification of the commercial fleet to gain momentum over the next few years. 3. Core Laboratories (CLB) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Connor Lynagh saying he is most above-consensus on earnings for equipment suppliers and thinks that group, not service providers, have the most upside to consensus expectations. 4. Alliant Energy (LNT) downgraded to Neutral from Buy at BofA with analyst Julien Dumoulin-Smith saying following a re-rating of the shares since February, Alliant’s anticipated annual EPS growth and management’s overall track record of low risk earnings growth is more fully reflected in shares. 5. Sanderson Farms (SAFM) downgraded to Equal Weight from Overweight at Stephens with analyst Ben Bienvenu saying while he sees a “high likelihood” that an acquisition of Sanderson Farms is consummated, and continues to views a sale price of between $190 to $200 a share as a “reasonable transaction price range,” Bienvenu thinks the risk/reward for putting new capital to work is “less compelling” at current share levels. 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