Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Neutral from Buy at Arete with analyst Rocco Strauss saying Facebook’s growth is reliant on advertising pricing, which is likely to see pressure. 2. Vine Energy (VEI) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Devin McDermott citing the announcement that the company will be acquired by Chesapeake (CHK). 3. Earthstone Energy (ESTE) downgraded to Underweight from Equal Weight at Wells Fargo. 4. Pennon Group (PEGRY) downgraded to Underperform from Neutral at Credit Suisse with analyst Mark Freshney citing valuation for the downgrade. 5. Trillium Therapeutics (TRIL) downgraded to Neutral from Buy at H.C. Wainwright with analyst Swayampakula Ramakanth believing the Pfizer deal could be completed by year-end 2021. 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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