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Top Analyst Downgrades and Stocks to Sell: ARM, Devon and More
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Investors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms. What investors often do not get to see is when analyst downgrade stocks to sell or to avoid. 24/7 Wall St. reviews many fresh research calls each and every day to find great ideas from value stocks to growth stocks to dividend stocks, and we have broken out the negative analyst calls today. These are this Thursday’s top analyst downgrades and cautious research notes from Wall Street.
ARM Holdings PLC (NASDAQ: ARMH) was cut to Neutral from Outperform at BNP Paribas.
Blue Nile Inc. (NASDAQ: NILE) was cut to Sector Perform at RBC Capital Markets.
Chipotle Mexican Grill Inc. (NYSE: CMG) was started as Neutral at Credit Suisse due to analyst departure.
Comerica Inc. (NYSE: CMA) was cut to Negative from an already cautious Neutral rating at Susquehanna.
Devon Energy Corp. (NYSE: DVN) was cut to Neutral from Overweight at J.P. Morgan.
Flextronics International Ltd. (NASDAQ: FLEX) was cut to Hold from Buy at Deutsche Bank.
Johnson & Johnson (NYSE: JNJ) was started as Underperform at Credit Suisse.
Patterson-UTI Inc. (NASDAQ: PTEN) was cut to Sell from Neutral at Goldman Sachs.
Prosperity Bancshares Inc. (NYSE: PB) was cut to Market Perform from Outperform at BMO Capital Markets.
Realty Income Corp. (NYSE: O) was cut to Sell from an already cautious Neutral at Goldman Sachs.
ReneSola Ltd. (NYSE: SOL) was cut to Underperform from an already cautious Neutral rating at Credit Suisse.
Sanmina Corp. (NASDAQ: SANM) was cut to Sell from Hold at Deutsche Bank.
Read also: Top Analyst Upgrades and Stocks to Buy
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