Analysts’ Downgrades for May, 4th (ACI, ASH, BAC, CCI, CMC, DG, EQNR, FBC, FFG, KR)


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Analysts’ downgrades for Tuesday, May 4th:

Albertsons Companies (NYSE:ACI) was downgraded by analysts at The Goldman Sachs Group, Inc. from a buy rating to a neutral rating. The Goldman Sachs Group, Inc. currently has $20.00 price target on the stock, down from their previous price target of $23.00.

Ashland Global (NYSE:ASH) was downgraded by analysts at JPMorgan Chase & Co. from a neutral rating to an underweight rating. The firm currently has $89.00 target price on the stock, up from their previous target price of $88.00.

Bank of America (NYSE:BAC) was downgraded by analysts at Robert W. Baird from an outperform rating to a neutral rating. Robert W. Baird currently has $42.00 price target on the stock.

Crown Castle International (NYSE:CCI) was downgraded by analysts at Raymond James from an outperform rating to a market perform rating.

Commercial Metals (NYSE:CMC) was downgraded by analysts at Credit Suisse Group AG from an outperform rating to a neutral rating.

Dollar General (NYSE:DG) was downgraded by analysts at KeyCorp from an overweight rating to a sector weight rating.

Equinor ASA (NYSE:EQNR) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. Zacks Investment Research currently has $23.00 target price on the stock. According to Zacks, “Equinor is one of the premier integrated energy companies in the world, with operations spreading across 30 countries. In Europe, the company is the second-largest supplier of natural gas. Equinor is also a leading seller of crude oil. Notably, the integrated firm’s key strategy is to capitalize on the renewable energy space. Thus, to combat climate change, the company is investing actively in renewable energy projects, comprising power generation from solar & wind energy. Its massive Dogger Bank Wind project is commendable. Notably, the company recently reported strong quarterly earnings were owing to higher commodity prices and significant contributions from renewables. On top of that, the energy major’s board of directors proposed a quarterly dividend of 15 cents per share, representing a hike of 25% from the prior dividend.”

Flagstar Bancorp (NYSE:FBC) was downgraded by analysts at Raymond James from a strong-buy rating to a market perform rating.

FBL Financial Group (NYSE:FFG) was downgraded by analysts at Raymond James from an outperform rating to an underperform rating.

The Kroger (NYSE:KR) was downgraded by analysts at The Goldman Sachs Group, Inc. from a neutral rating to a sell rating. The Goldman Sachs Group, Inc. currently has $31.00 target price on the stock, down from their previous target price of $37.00.

Lucira Health (NASDAQ:LHDX) was downgraded by analysts at William Blair from an outperform rating to a market perform rating.

Pegasystems (NASDAQ:PEGA) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Pegasystems Inc. is a leading provider of Customer Relationship Management software that enables transaction-intensive organizations to manage a broad array of customer interactions. Their software enables organizations to deliver high-quality, consistent customer service across today’s preferred interaction channels, from the traditional call center environment to Internet self-service. The company’s customers represent a wide range of industries, including banking and financial services, insurance, healthcare management, and telecommunications. “

Peninsula Energy (OTCMKTS:PENMF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Peninsula Energy Limited explores, develops and mines uranium properties primarily in the United States. The company’s project primarily includes Lance uranium projects in Wyoming, the United States. Peninsula Energy Limited is based in Subiaco, Australia. “

Redfin (NASDAQ:RDFN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Redfin Corporation is engaged in providing residential real estate search and brokerage services. The Company provides an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services and originate mortgages. Redfin Corporation is headquartered in Seattle, Washington. “

Teva Pharmaceutical Industries (NYSE:TEVA) was downgraded by analysts at UBS Group AG from a buy rating to a neutral rating. They currently have $11.00 target price on the stock, down from their previous target price of $15.00.

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