Top Analyst Downgrades and Cautious Views from Wall Street
Jon OggInvestors are used to seeing many Buy ratings from Wall St. analysts, but they often overlook or do not see when these analysts give lists of stocks to sell or when they have very cautious comments about companies. We…
Investors are used to seeing many Buy ratings from Wall St. analysts, but they often overlook or do not see when these analysts give lists of stocks to sell or when they have very cautious comments about companies. We review many fresh research calls each and every day to find great ideas from value stocks to growth stocks to dividend stocks. We are breaking out the negative analyst calls of stocks to sell as well cautious calls.
These are this Monday’s top analyst downgrades and cautious research notes from Wall St.
Alkermes PLC (NASDAQ: ALKS) was downgraded to Neutral from Buy at Lazard.
Baker Hughes Inc. (NYSE: BHI) was downgraded to Sell from an already cautious Hold rating at Argus.
Barrick Gold Corp. (NYSE: ABX) was downgraded to Hold from Buy at Deutsche Bank.
Carnival Corp. (NYSE: CCL) was downgraded to Neutral from Buy at Nomura.
Ericsson (NASDAQ: ERIC) was cut to Sell from an already cautious Hold rating at Societe General.
General Electric Co. (NYSE: GE) was downgraded to Neutral from Overweight at J.P. Morgan.
Kimberly-Clark Co. (NYSE: KMB) was downgraded to Neutral from Buy at Bank of America/Merrill Lynch,
Kinross Gold Corp. (NYSE: KGC) was downgraded to Hold from Buy at Deutsche Bank.
McDonald’s Corp. (NYSE: MCD) was downgraded to Outperform from Buy at CLSA.
Newmont Mining Co. (NYSE: NEM) was downgraded to Sell from an already cautious Hold rating at Deutsche Bank.
Verizon Communications Inc. (NYSE: VZ) was downgraded to Neutral from Outperform at Macquarie.
See also: Top Analyst Upgrades and Positive Research Calls
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.