Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Autohome (ATHM) double-downgraded to Underperform from Buy at BofA with analyst Miranda Zhuang saying the investment story on the stock has changed from a solid online vertical market leader that is resilient throughout auto industry cycle to a “weakening” market leader that is being impacted by the auto industry headwinds and competition. 2. Magenta Therapeutics (MGTA) downgraded to Neutral from Overweight at JPMorgan with analyst Jessica Fye saying “barring major surprises” in the clinical development timeline or progress in the development of the bioassay and subsequent approval by the FDA, there are fewer stock-moving catalysts in the near term. 3. Professional Holding (PFHD) downgraded to Neutral from Overweight at Piper Sandler with analyst Stephen Scouten saying the stock’s recent outperformance limits near-term upside. 4. Restaurant Brands (QSR) downgraded to Equal Weight from Overweight at Stephens with analyst James Rutherford believing the market is already giving credit for the Tim Hortons recovery and at the same time he now believes Burger King will continue to lose market share to competitors “for the foreseeable future.” 5. Clear Secure (YOU) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Chung citing valuation for the downgrade with the shares above the price target. 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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