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Today's most important downgrades

December 5, 2022 4:20 PM EST
Get Alerts SI Hot Sheet
Price: $13.58 -3.76%

Rating Summary:
    9 Buy, 16 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 21 | New: 16
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Silvergate Capital Corp. (NYSE: SI) shares plunged more than 8% today after Morgan Stanley downgraded the company to Underweight from Equal-weight with a price target of $24.00, noting it has given up any near-term hope for the company in the wake of the FTX collapse. The analysts expect the company's digital deposits to fall 60% quarter-over-quarter in Q4.

Loop Capital downgraded NetApp (NASDAQ: NTAP) to Hold from Buy and lowered its price target to $67.00 from $100.00. Shares were down more than 2% today.

JPMorgan downgraded Imperial Oil Limited (NYSE: IMO) to Underweight from Neutral. Shares plunged more than 4% today.

BofA Securities downgraded Liberty Global (NASDAQ: LBTYA) to Neutral from Buy and cut its price target to $23.60 from $33.30.

By Davit Kirakosyan

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