Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Apria (APR) downgraded to Neutral from Buy at Goldman Sachs with analyst Jamie Perse seeing “lingering uncertainty around market dynamics” related to the Philips recall and potential downside risk to sales and EBITDA estimates in the near term. 2. Ericsson (ERIC) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing the company’s expectations that it will not win new contracts in China due to the push-back from Chinese decision-makers after rival Huawei was excluded from numerous European network build-outs. 3. Neptune Wellness (NEPT) downgraded to Hold from Buy at Desjardins with analyst John Chu saying a “bad 4Q miss” along with a failed attempt at trying to capitalize on the need for PPE during the pandemic requires a reset in expectations for Neptune’s sales outlook. 4. Kemper (KMPR) downgraded to Market Perform from Strong Buy at Raymond James with analyst C. Gregory Peters saying that the overhang from accident frequency normalization and inflation should limit the upside in the near-term. 5. F.N.B. (FNB) downgraded to Hold from Buy at Jefferies with analyst Casey Haire saying though the Howard Bancorp (HBMD) “merger math checks out,” Haire thinks the price is “aggressive” for “a sub-scale bank with weak profitability in a slow growth Baltimore market.” 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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