Analyst Downgrades: 24 Stocks Hit with Warning Signs

Strategic Insights -

In a flurry of activity on the financial front, twenty-four stocks have received downgrades from top analysts, a clear indication that the market may be shifting. Stocks like AMC Networks, Altera, and American Airlines have all been placed on notice, with experts lowering their expectations for these companies' performance. Among the downgrades, several sectors are seeing a downturn, including airlines, technology, and consumer goods. The breadth of this movement is striking, with companies as diverse as steel giant Nucor and airline behemoth United Continental receiving similar warnings.

Key Takeaways:

  • Twenty-four stocks have been downgraded by top analysts, with AMC Networks, Altera, and American Airlines among the companies affected.
  • The airlines sector is especially vulnerable, with American Airlines, Delta Air Lines, and United Continental all receiving downgrades.
  • The technology sector is also feeling the pinch, with Altera and ON Semiconductor seeing their ratings lowered.
  • Consumer goods companies are also being hit, with Michael Kors and Pier 1 Imports both receiving downgrades.
  • A range of sectors are seeing downturns, including steel (Nucor, Steel Dynamics) and telecoms (Telefonica Brasil).
  • Analysts at Evercore ISI, Deutsche Bank, and UBS were among those issuing downgrades.

Statistics:

  • Twenty-four stocks have been downgraded by top analysts.
  • 7 airlines stocks have been downgraded, including American Airlines, Delta Air Lines, and United Continental.
  • 5 technology stocks have been downgraded, including Altera and ON Semiconductor.
  • 4 consumer goods stocks have been downgraded, including Michael Kors and Pier 1 Imports.
  • 14 companies across 5 sectors have been downgraded.

Sources:

  • TheFlyOnTheWall.com via COMTEX
  • Evercore ISI
  • Deutsche Bank
  • UBS
  • Barclays
  • JPMorgan
  • Leerink
  • Wunderlich
  • DA Davidson
  • UBS
  • Piper Jaffray
  • Stephens
  • Nomura
  • Goldman
  • Morgan Stanley
  • Sandler O'Neill
  • Bernstein
  • HSBC
  • RBC Capital
  • Sterne Agee