Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Robert Lee expecting “modest” improvement in flow trends will face some “seasonal headwinds” over the coming months. 2. Charter (CHTR) downgraded to Market Perform from Outperform at Bernstein with analyst Peter Supino saying competition from T-Mobile (TMUS) in the value segment could cause negative revisions of Charter’s 2022-2023 consensus internet net additions. 3. United Airlines (UAL) downgraded to In Line from Outperform at Evercore ISI with analyst Ryan Carr saying after surveying mortgage loan brokers to get a better sense of the sector’s competitive environment, he came away with the impression that very low prices amid a “price war ongoing in the wholesale channel” are likely to bleed into retail. 4. ShockWave Medical (SWAV) downgraded to Neutral from Buy at BofA with analyst Bob Hopkins citing valuation with the stock up over 80% year-to-date, estimating that ShockWave would need to generate close to $1.5B in sales by 2025 to justify a 20% annual return, which Hopkins views as “optimistic.” 5. Clover Health (CLOV) downgraded to Underweight from Neutral at JPMorgan with analyst Gary Taylor saying Clover lowered most guidance metrics, including reducing the number of aligned beneficiaries under the direct contracting program in 2021 by 50%. 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