Analyst Downgrade Summary: October 5, 2015

Strategic Insights -

On October 5, 2015, major downgrades were issued by prominent analysts for various companies in the market. The downgrades were announced through news wires and reflected changes in market sentiment and analyst estimates. Among the key downgrades, AK Steel was reduced to Hold from Buy at Deutsche Bank, while Applied Materials was downgraded to Underperform from Sector Perform at RBC Capital.

Key Takeaways:

  • A total of 30 companies were downgraded by 15 analysts on October 5, 2015.
  • The downgrades included prominent companies such as Macy's, Norfolk Southern, and Time Warner.
  • Deutsche Bank downgraded 6 companies, including AK Steel and Century Aluminum.
  • RBC Capital downgraded 3 companies, including Applied Materials and Lam Research.
  • Goldman Sachs downgraded 5 companies, including BRF S.A. and Scripps Networks.

Statistics:

  • 30 companies were downgraded by 15 analysts on October 5, 2015.
  • Deutsche Bank issued 6 downgrades.
  • RBC Capital issued 3 downgrades.
  • Goldman Sachs issued 5 downgrades.
  • 19 companies were downgraded to a lower rating, while 3 were reduced to a sell rating.
  • The downgrades were issued across multiple sectors, including Industrials, Materials, and Consumer Discretionary.

Sources:

  • TheFlyOnTheWall.com, via COMTEX, October 5, 2015.
  • Deutsche Bank, October 5, 2015.
  • RBC Capital, October 5, 2015.
  • Goldman Sachs, October 5, 2015.