Fly Intel: Top five analyst downgrades - InvestingChannel News

Fly Intel: Top five analyst downgrades

Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Chevron (CVX) downgraded to Neutral from Buy at Goldman Sachs with analyst Neil Mehta saying after “multiple years of outperformance” versus global majors, particularly since 2016, Chevron trades at premium to peers on a variety of metrics. 2. Credit Suisse (CS) downgraded to Hold from Buy at Societe Generale and downgraded to Underperform from Neutral at BofA. 3. Pioneer Natural (PXD) downgraded to Neutral from Overweight at JPMorgan with analyst Arun Jayaram citing the company’s “second significant consolidation transaction” in the Permian Basin. 4. Colfax (CFX) downgraded to Underweight from Equal Weight at Barclays with analyst Julian Mitchell thinking the stock could “tread water” until the split in Q1 of 2022. 5. Cooper (COOP) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Bose George saying while Q1 was likely a “very strong” quarter, gain-on-sale margins are “normalizing quickly and could actually fall below historical troughs given the current competitive landscape.” 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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