Fitbit has seen its own share of turmoil in recent weeks after less - than - expected third - quarter revenue, along with a profit warning, led to several
analysts downgrades last month.
Not exact matches
«I bet the numbers show a 20 percent increase over
last year's Prime Day, which I expect to cause a boatload of retail
analysts to come out of the woodwork and
downgrade any retailer that is still standing that they haven't
downgraded yet,» Cramer said, adding that only then might the market find a bottom for some of the hardest hit brick - and - mortar names.
Apple received a rare
downgrade last week from Nomura Instinet
analyst Jeffrey Kvaal, who said iPhone X sales as well as other positive factors are already baked into the stock price.
Last week,
analysts at UBS cited Entresto uncertainty as a reason for their
downgrade of Novartis shares to neutral, from buy.
Although most
analysts still give it a Buy rating, some investors have grumbled that the stock is overrated;
last summer, Goldman Sachs
downgraded it to a Sell, and Credit Suisse considers it overvalued by 15 %.
Aside from Bernstein, the only other
analyst firms to begin coverage or change their rating in the
last three months are CFRA and Goldman Sachs, both which
downgraded the stock to a Sell.
The ASX query came after
analysts also raised concerns following
last week's earnings
downgrade because just a month earlier QBE provided upbeat commentary, simply noting that «our internal review of the first - quarter performance continues to indicate our ability to execute against these targets for 2017.»