Analyst Downgrades: A Comprehensive Review of 33 Downgrades Across Various Sectors
On January 7, 2015, a total of 33 downgrades were announced by various analysts across different sectors. These downgrades spanned multiple industries, including finance, real estate, technology, and energy. The list of downgrades included companies such as ADP, AXIS Capital, Aimco, Air China, and many others.
Key Takeaways:
- The total number of downgrades announced on January 7, 2015, was 33.
- The sectors most affected by the downgrades were finance (14 downgrades), real estate (8 downgrades), and technology (5 downgrades).
- The analyst firms that issued the most downgrades were Raymond James (15 downgrades), Credit Suisse (4 downgrades), and Jefferies (3 downgrades).
- Notable companies that received downgrades included ADP, Air China, and Siemens.
- The most common reasons for the downgrades were concerns over revenue growth and profitability.
- Companies in the energy sector, such as LINN Energy and BreitBurn Energy, received downgrades due to concerns over the global oil price slump.
- Only 4 companies received upgrades, including Sovran Self Storage which was upgraded to Outperform from Strong Buy.
Statistics:
- 33 downgrades were announced on January 7, 2015.
- 14 downgrades were in the finance sector.
- 8 downgrades were in the real estate sector.
- 5 downgrades were in the technology sector.
- 15 downgrades were announced by Raymond James.
- 4 downgrades were announced by Credit Suisse.
- 3 downgrades were announced by Jefferies.
- 1 upgrade was announced by Raymond James.
Sources:
- TheFlyOnTheWall.com
- COMTEX
- Credit Suisse
- Janey Capital
- Raymond James
- Jefferies
- Wells Fargo
- Evercore ISI
- Canaccord
- MLV & Co.
- CLSA
- RW Baird
- KeyBanc
- JMP Securities
- KeyBanc
- Barclays
- Deutsche Bank
- SunTrust
- Pacific Crest
- Citigroup
- Telsey Advisory
- KeyBanc
- Deutsche Bank
- Sandler O'Neill
- Telsey Advisory
- Raymond James
- Cowen and Company
- Barclays