Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) downgraded to Sell from Hold at Loop Capital with analyst Anthony Chukumba saying the recent rally in the shares as unwarranted as management's "much better-than-expected" fiscal 2019 financial guidance is "unrealistic." 2. Nvidia (NVDA) downgraded to Market Perform from Outperform at Bernsteinb with analyst Stacy Rasgon citing the company's "somewhat chilly guidance cut," which appears much more fundamentally demand-driven, with the question of the "true" run-rate of the gaming business remaining up in the air for now. 3. Aramark (ARMK) downgraded to Neutral from Conviction Buy at Goldman Sachs with analyst Stephen Grambling citing the miss in fiscal Q1, "increased fundamental volatility" embedded in guidance, and greater underlying labor pressures. 4. Goodyear Tire (GT) was downgraded to Underperform from Neutral at Longbow and to Hold from Buy at Argus. 5. Allete (ALE) downgraded to Underperform from Neutral at Mizuho with analyst Paul Fremont lowering his price target for the shares to $72 from $74 citing "additional execution pressure on its remaining business segments following its decision to sell the U.S. Water Services business." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, (click here.):(

Sign Up

Get the InvestingChannel
Free e-Letter Today

Learn More

Independent market opinion, analysis and ideas - delivered every business day

Premium market opinions, analysis, and ideas - delivered every business day

Editor's Picks