Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Lordstown Motors (RIDE) downgraded to Neutral from Buy at BTIG with analyst Gregory Lewis saying while the analyst continues to like the longer-term prospects for Lordstown’s Endurance “to carve out a slice” of the commercial electric vehicle pickup truck market, with production being pushed back another few quarters he downgraded the shares. 2. Nvidia (NVDA) downgraded to Neutral from Outperform at Wedbush with analyst Matt Bryson citing valuation for the downgrade with the shares trading at 55 times his 2024 numbers. 3. Bright Health (BHG) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Ricky Goldwasser saying higher than expected operating losses that materialized in Q3 and were guided for Q4 “place stress” on the company’s balance sheet and put more urgency on raising additional capital. 4. National Vision (EYE) double downgraded to Underperform from Buy at BofA with analyst Robert Ohmes citing the “tough” same-store sales comparisons expected for the first half of 2022 against growth supported by the stimulus and the return of more aggressive competition with other optical chains having fully re-opened. 5. Celsius Holdings (CELH) downgraded to Neutral from Outperform at Credit Suisse with analyst Kaumil Gajrawala saying Celsius justified the 75% appreciation in share price since its June 11 secondary with solid Q3 sales result ahead of estimates. 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