Today's most important downgrades
Get Alerts BBY Hot Sheet
Rating Summary:
11 Buy, 19 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Best Buy (NYSE: BBY) shares fell more than 3% today after BofA Securities downgraded the company to Underperform from Neutral and lowered its price target to $69 from $80. The analysts expect a challenging environment for the company to achieve earnings growth in both the near term and the medium term.
Chardan Capital Markets downgraded Moderna (NASDAQ: MRNA) to Neutral from Buy with a price target of $191.00, citing swollen valuation, while the market was evidently enthusiastic about the Phase 2b results. Shares gained another 5% today adding to yesterday’s nearly 20% after the company’s mRNA cancer vaccine, developed together with Merck (NYSE: MRK), met the primary efficacy endpoint in Phase 2b trials.
Exane BNP Paribas downgraded Chevron (NYSE: CVX) to Underperform from Neutral with a price target of $190.00.
By Davit Kirakosyan
Want this type of news in real-time as it happens? Upgrade to StreetInsider.com Premium Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades Sirius XM Radio (SIRI) to Neutral, 'risk-reward is balanced at prevailing levels'
- First Mid Bancshares, Inc. (FMBH) Tops Q1 EPS by 8c
- Meritage Homes Corporation (MTH) Tops Q1 EPS by 151c; offers guidance
Create E-mail Alert Related Categories
Downgrades, Hot ListRelated Entities
Earnings, Chardan Capital MarketsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!