Tag Archives: downgraded

[unable to retrieve full-text content]Disney stock downgraded at KeyBanc on ‘meaningful uncertainty’  Yahoo Finance Source link

Snap’s (SNAP) gotten another downgrade, this time from Andrew Boone, analyst at Citizens-owned JMP Securities, from Market Outperform to Hold. In December, Jefferies downgraded Snap from a Buy to Hold, saying that the company’s revenue expectations were “too optimistic.” To be sure, Snap’s struggling at a moment in which all tech giants are stumbling, but even in that context Snap’s challenges are singular – the company’s shares have declined about 73% over the last 12 months, as it battles… Source link

A new report suggests that Google plans to start mass producing parts for its foldable flagship in Q3. Samsung Display in particular will start making foldable displays in July or August, according to The Elec. Google’s foldable project has suffered multiple delays over the last couple of years, so these plans are not set in stone. There seems to have been a downgrade of the displays. The Korean publication reports that Samsung Display will be making a 7.57” foldable panel and a… Source link

DraftKings (DKNG) shares slid on Monday as Wall Street analysts downgraded the stock to Underweight amid a bleaker-than-expected outlook for the online gambling company in 2023. “We suggest investors rotate out of DraftKings and Penn Entertainment (PENN) which we are downgrading today,” JPMorgan analyst Joseph Greff wrote in a research note published Monday. “For DKNG, we see a longer runway and more risk to achieving [online sports betting] profitability than its peers and with the… Source link

U.S. stocks were little changed Tuesday as investors processed a deluge of earnings reports and a revised forecast from the International Monetary Fund (IMF) indicating the global economy is set to “slow significantly” amid Russia’s invasion of Ukraine. The S&P 500 and Nasdaq each opened near the flatline after both indexes settled at one-month lows at the end of Monday’s session. The Dow Jones Industrial Average also hovered around breakeven. Meanwhile, Treasury yields continued their climb,… Source link

As a result of worsening supply chain disruption in Vietnam, BTIG has downgraded Nike’s (NKE) rating from Buy to Neutral. “We believe the risk of significant cancellations beginning this holiday and running through at least next spring has risen materially for NKE as it is now facing at least two months of virtually no unit production at its Vietnamese factories which accounted for 51% of footwear and 30% of apparel units,” said BTIG senior analyst Camilo Lyon, in a recent note. Over the… Source link