Fly Intel: Top five analyst downgrades - InvestingChannel

Fly Intel: Top five analyst downgrades

Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Sector Perform from Outperform at RBC Capital with analyst Gerard Cassidy saying the company reported “impressive” results, but with the likelihood of higher interest rates over the coming 12-18 months, traditional commercial banks will likely outperform investment banks. 2. Zurn Water Solutions (ZWS) downgraded to Neutral from Outperform at Baird with analyst Mircea Dobre saying the re-rating opportunity for Zurn as a water pure play is “now largely closed.” 3. Perficient (PRFT) downgraded to Neutral from Buy at Alliance Global Partners with analyst Brian Kinstlinger saying the recent stock rally fully reflects a bullish outlook. 4. Duck Creek Technologies (DCT) downgraded to Neutral from Overweight at JPMorgan with analyst Jackson Ader seeing “cracks” in his “cloud and growth thesis” following the print. 5. Western Digital (WDC) downgraded to Neutral from Buy at Goldman Sachs with analyst Toshiya Hari expecting cyclical pressures in the NAND business to more than offset the company’s improving competitive position in nearline HDD and enterprise SSD. 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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