Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Amcor (AMCR) downgraded to Sell from Neutral at Goldman Sachs with analyst Adam Samuelson acknowledging that execution on the Bemis transaction has been strong, but he believes this represented a “unique industry consolidation and cost-out opportunity at a scale that will be difficult to replicate in coming years.” 2. Five9 (FIVN) downgraded to Neutral from Buy at UBS with analyst Taylor McGinnis saying that in discussions with the company’s partners, some had indicated that enterprise CCaaS demand is slowing, but others continue to expect strong growth and believe that the Zoom (ZM) transaction “validates the opportunity.” 3. Four Corners Property Trust (FCPT) downgraded to Outperform from Strong Buy at Raymond James with analyst RJ Milligan citing Four Corners Property’s less aggressive acquisition pace vs. peers and historically low cap rates for restaurant properties. 4. Canadian Solar (CSIQ) downgraded to Sell from Buy at GLJ Research with analyst Gordon Johnson saying that while Canadian Solar remains the “best house in a bad neighborhood,” he sees substantial downside risk near-term. 5. BP Midstream (BPMP) downgraded to Neutral from Buy at UBS with analyst Shneur Gershuni citing limited total return potential following the takeout offer. 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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