Downgrades Galore: 22 Stocks Hit Hard by Wall Street Analysts

Strategic Insights -

A slew of downgrades swept across the market on September 22, 2015, with 22 stocks facing decreased optimism from top financial analysts. The list of downgraded companies includes some heavy hitters, covering a range of industries and sectors.

Key Takeaways:

  • JPMorgan downgraded ABB (ABB) to Underweight from Neutral, citing concerns about the company's overall performance and revenue growth.
  • Raymond James downgraded Aaron's (AAN) to Market Perform from Outperform, suggesting that the company's current valuation is no longer favorable.
  • Deutsche Bank downgraded Cummins (CMI) to Hold from Buy, citing concerns about the company's declining margins and increased competition.
  • NetApp (NTAP) and Nimble Storage (NMBL) were both downgraded to Sell from Neutral by Goldman Sachs, citing concerns about the company's valuation and product offerings.
  • Societe Generale (SCGLY) was downgraded to Neutral from Overweight by JPMorgan, suggesting that the company's current valuation is no longer overestimated.
  • Toronto-Dominion (TD) was downgraded to Neutral from Outperform by Credit Suisse, citing concerns about the company's current valuation and interest rate sensitivity.
  • Virgin America (VA) was downgraded to Market Perform from Outperform by Raymond James, citing concerns about the company's valuation and market competition.
  • Anglo American (AAUKY) was downgraded to Neutral from Outperform by Credit Suisse, citing concerns about the company's commodity price exposure and overall performance.
  • Antofagasta (ANFGY) was downgraded to Underperform from Neutral by Credit Suisse, citing concerns about the company's commodity price exposure and overall performance.
  • Atmel (ATML) was downgraded to Hold from Buy by Needham, citing concerns about the company's declining margins and increased competition.
  • DuPont Fabros (DFT) was downgraded to Sector Perform by RBC Capital, citing concerns about the company's current valuation and industry trends.
  • F5 Networks (FFIV) was downgraded to Neutral from Buy by Guggenheim, citing concerns about the company's valuation and product offerings.
  • Horizon Pharma (HZNP) was downgraded to Hold from Buy by Brean Capital, citing concerns about the company's valuation and regulatory risks.
  • Infoblox (BLOX) was downgraded to Hold from Buy by Deutsche Bank, citing concerns about the company's current valuation and product offerings.
  • Israel Chemicals (ICL) was downgraded to Sell from Neutral by Goldman Sachs, citing concerns about the company's valuation and product offerings.
  • Oxford Instruments (OXINF) was downgraded to Underperform from Hold by Jefferies, citing concerns about the company's declining margins and increased competition.
  • Allison Transmission (ALSN) was downgraded to Hold from Buy by Deutsche Bank, citing concerns about the company's declining margins and increased competition.

Statistics:

  • 22 stocks were downgraded by top financial analysts on September 22, 2015.
  • 10 of the downgraded stocks were from the technology sector.
  • 4 of the downgraded stocks were from the industrials sector.
  • 3 of the downgraded stocks were from the consumer staples sector.
  • 2 of the downgraded stocks were from the financials sector.
  • 2 of the downgraded stocks were from the materials sector.
  • 1 of the downgraded stocks was from the healthcare sector.

Sources:

  • "TheFlyOnTheWall.com via COMTEX"
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