Research Analysts’ Downgrades for January, 3rd (BMCH, DRT, MRT, MUR, MYOK, NANO, NEE, NEWT, NGVT, NI)

Research Analysts’ downgrades for Wednesday, January 3rd:

BMC Stock (NASDAQ:BMCH) was downgraded by analysts at B. Riley from a buy rating to a neutral rating. The firm currently has $26.00 target price on the stock, up from their previous target price of $25.00.

Dirtt Environmental Solutions (TSE:DRT) was downgraded by analysts at Raymond James Financial, Inc. from a strong-buy rating to an outperform rating. Raymond James Financial, Inc. currently has C$8.00 target price on the stock, down from their previous target price of C$10.00.

MedEquities Realty Trust (NYSE:MRT) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “MedEquities Realty Trust, Inc. owns, develops, operates, leases and disposes healthcare properties and portfolios. It operates primarily in Texas, California, Nevada and South Carolina. MedEquities Realty Trust, Inc. is based in Nashville, Tennessee. “

Murphy Oil (NYSE:MUR) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Murphy Oil operates in a highly competitive oil and gas industry that continues to create challenges for the company. Additionally, with operations outside the U.S., the company is also subject to changes in foreign currency conversion rates, which may adversely impact its earnings from these oilfields that are likely to affect the performance of the company. However, Murphy Oil’s systematic capital investments and cost-savings initiatives have paved the way for long-term growth. The new low-cost finding will help the company to further expand onshore and offshore business. Shares of Murphy Oil' have outperformed the industry’s rally in the last six months.”

Myokardia (NASDAQ:MYOK) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “MyoKardia, Inc. is a biopharmaceutical company. The company focuses on discovering, developing, and commercializing therapies for the treatment of serious and neglected rare cardiovascular diseases. Its product candidate consists of MYK-461, a small molecule to reduce excessive cardiac muscle contractility leading to hypertrophic cardiomyopathy, DCM-1, treats heritable dilated cardiomyopathy by restoring normal contractility in the diseased DCM heart, HCM-2, a product candidate to reduce cardiac muscle contractility to normal levels in HCM patients and LUS-1, which is intended to counteract a muscle disruption that results in impaired relaxation of the heart, which are in different clinical trial. MyoKardia, Inc. is headquartered in San Francisco, California. “

Nanometrics (NASDAQ:NANO) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Nanometrics is a leading provider of advanced, high-performance process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, such as data storage components and discrete including high-brightness LEDs and power management components. It’s automated and integrated metrology systems measure critical dimensions, device structures, overlay registration, topography and various thin film properties, including film thickness as well as optical, electrical and material properties. The company’s process control solutions are deployed throughout the fabrication process, from front-end-of-line substrate manufacturing, to high-volume production of semiconductors and other devices, to advanced wafer-scale packaging applications. Nanometrics’ systems enable advanced process control for device manufacturers, providing improved device yield at reduced manufacturing cycle time, supporting the accelerated product life cycles in the semiconductor market. “

NextEra Energy (NYSE:NEE) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Shares of NextEra Energy have outperformed the industry’s rally in the last 12 months.  Investment made by the company to strengthen its infrastructure helped it overcome the difficult situation and quickly restore normalcy of operations in difficult weather conditions.  The company is consistently registering an increase in consumer count. The company’s focus on clean energy has lowered emission levels and saved on energy bills for its customers. The natural gas pipelines, which came online in first half, are expected to boost its performance. On the flip side, the company’s nature of business is subject to complex and comprehensive federal, state and other regulations. Unpredictable impact of natural disaster and delay in completion of ongoing projects could also impact profitability.”

NEWTEK Business Services (NASDAQ:NEWT) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Newtek Capital, Inc. resulted from the combination of the businesses previously owned by BJB Holdings, Inc. and REXX Environmental Corporation and is operating as a holding company for a network of partner companies in a collaborative and coordinated effort to develop successful businesses in a number of existing as well as emerging, technological business lines. “

Ingevity (NYSE:NGVT) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Ingevity Corporation provides specialty chemicals, carbon materials and technologies. The Company’s operating segments consists of Performance Materials and Performance Chemicals. Performance Chemicals segment products consists of asphalt paving, adhesives, agrochemical dispersants, printing inks, lubricants, petroleum and other diverse industries. Performance Materials segment engineers, manufactures and sells wood-based chemically activated carbon products. Ingevity Corporation is based in North Charleston, SC. “

NiSource (NYSE:NI) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Shares of NiSource have gained higher than the industry it belongs to in the last 12 months. NiSource is benefiting from continued execution of its infrastructure investment strategy.  NiSource will annually invest nearly $1.6-$1.8 billion in planned utility infrastructures from 2019 to 2020 and has identified long-term infrastructure investments worth $30 billion. The company is also working actively to reduce its carbon footprint by bringing down the coal usage. Despite investing in upgrade programs, NiSource Inc. faces the risk of disruption in operation from its ageing infrastructure. NiSource’s rising debt level amid increasing interest rates is another concern.”

Nantkwest (NASDAQ:NK) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “NantKwest, Inc. is a clinical-stage immunotherapy company. The Company’s product candidates include aNK, haNK and taNK for the treatment of cancers, infectious and inflammatory diseases. It is focused on harnessing the power of the innate immune system by using the natural killer cell. NantKwest, Inc. is headquartered in Cardiff-by-the-Sea, California. “

NMI (NASDAQ:NMIH) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “

North American Energy Partners Inc.(USA) (NYSE:NOA) (TSE:NOA) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “NORTH AMERICAN ENERGY PARTNERS INC. is one of the largest providers of heavy construction, mining, piling and pipeline services in Western Canada. For more than fifty years, NAEP has provided services to large oil, natural gas and resource companies, with a principal focus on the Canadian oil sands. The Company maintains one of the largest independently owned equipment fleets in the region. “

NRG Energy (NYSE:NRG) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “NRG Energy is subject to stringent environmental regulations and intense competition in the wholesale power markets. A substantial amount of electricity still being produced from coal, remains a main cause of concern. Adverse weather conditions and risks relating to its international operation could impact performance of the company. However, NRG Energy’s Transformation Plan is well poised with cost-saving measures, debt-reduction plans and expansion of renewable operations, which will drive growth. The company does not depend one single customer to generate revenues, therefore, migration of customers to other operators have lesser impact on its performance. Shares of NRG Energy have outperformed the industry in the last six months.”

New Residential Investment (NYSE:NRZ) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “New Residential Investment Corp. is a real estate investment trust. It focuses on investing in, and actively managing, investments related to residential real estate. The Company primarily target investments in excess mortgage servicing rights, residential mortgage backed securities, residential mortgage loans and other related investments. New Residential Investment Corp. is based in New York. “

PulteGroup (NYSE:PHM) was downgraded by analysts at B. Riley from a buy rating to a neutral rating. They currently have $36.00 target price on the stock, up from their previous target price of $31.00.

Urthecast (TSE:UR) was downgraded by analysts at Raymond James Financial, Inc. from an outperform rating to a market perform rating. The firm currently has C$1.10 target price on the stock, down from their previous target price of C$1.75.

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