Stock Analysts’ Downgrades for August, 8th (ACXM, AFI, CBB, DF, ELP, SBS, SHEN, SHO, SRE, SSP)
Acxiom Corporation (NASDAQ:ACXM) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Acxiom's first-quarter fiscal 2018 results were disappointing. The company missed the Zacks Consensus Estimate on both lines. Revenues also declined due to weakness in the marketing services segment. Management now expects slower bookings in the marketing services and pricing model changes in the audience solutions segment to hurt top-line growth. We note that the company operates in a competitive landscape that is becoming more complex with low barriers to entry. Notably, the stock has underperformed the industry on a year-to-date basis. Nevertheless, with continued solid contributions from LiveRamp, the company is striving to improve the functionality of its products across all channels and devices. The newly launched IdentityLink is an important product addition, which improves company's growth prospects. Moreover, expanding customer base is signficantly positive in our view.”
Armstrong Flooring (NYSE:AFI) was downgraded by analysts at Gabelli from a buy rating to a hold rating. Gabelli currently has $18.00 target price on the stock.
Cincinnati Bell (NYSE:CBB) was downgraded by analysts at Gabelli from a buy rating to a hold rating.
Dean Foods (NYSE:DF) was downgraded by analysts at J P Morgan Chase & Co from an overweight rating to a neutral rating.
Companhia Paranaense de Energia (COPEL) (NYSE:ELP) was downgraded by analysts at HSBC Holdings plc from a buy rating to a hold rating.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was downgraded by analysts at HSBC Holdings plc from a buy rating to a hold rating.
Shenandoah Telecommunications (NASDAQ:SHEN) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Shenandoah Telecommunications Company is a holding company which provides a broad range of telecommunications services through its operating subsidiaries. The Company’s operating subsidiaries provide local telephone, cable, Internet access, interexchange facilities, cellular and PCS services, along with many other associated services. “
Sunstone Hotel Investors (NYSE:SHO) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies, such as Marriott, Hilton, InterContinental and Hyatt. “
Sempra Energy (NYSE:SRE) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Sempra Energy posted impressive second-quarter results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate. Results also improved year over year. The company’s raised guidance for 2017 also buoys optimism. Notably, Sempra Energy enjoys a significant position in the Utilities sector, given its stable earnings from utility subsidiaries. Its future cash inflow will likely get tailwinds from LNG development prospects and renewable expansions. The company’s efforts on maximizing shareholder value through the payment of regular dividends are likely to retain investors’ interest in the stock. Also the stock outperformed the broader industry in past six months. However, Sempra Energy continues to face headwinds in the form of stringent government regulations and operational risks. Also the company faces foreign currency risks due to its significant presence in Mexico and South America.”
E.W. Scripps Company (The) (NYSE:SSP) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “E. W. Scripps Company is a diversified media company operating in three reportable segments: newspapers, broadcast television and category television. The company operates daily newspapers, broadcast TV stations and cable television networks. The company’s cable television network brands include Home & Garden Television, Food Network, Do It Yourself, and Fine Living. The company also operates Scripps Howard News Service, United Media, the worldwide licensing and syndication home of PEANUTS and DILBERT, and Web sites, including hgtv.com, foodtv.com, and diynet.com. “
STMicroelectronics N.V. (NYSE:STM) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. “
Symantec Corporation (NASDAQ:SYMC) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Symantec is a world leader in Internet security technology. The prospects of cybersecurity companies look bright as the recent global hackings, like WannaCry and Petya, have started to adversely affect the top- and bottom-line results of various organizations. The silver lining in this entire episode will be the rise in demand for security-related products among companies and governments, in our opinion. We believe that this could bring Symantec back into the limelight. Moreover, investment in growth areas such as Enterprise Backup, Storage Management and Security businesses are likely to boost Symantec’s long-term prospects. Additionally, restructuring initiatives and synergies from acquisitions are likely to support the company’s bottom line. Nonetheless, smaller companies like Kaspersky are consistently launching comparable products. Also, competition from the likes of Microsoft, remain headwinds.”
Ultrapar Participacoes (NYSE:UGP) was downgraded by analysts at HSBC Holdings plc from a buy rating to a hold rating.
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