Gap Inc (NYSE: GPS) is in focus on Tuesday after a senior Wells Fargo analyst downgraded the clothing retail company to equal-weight citing “deteriorating fundamentals”. Gap is facing a do...
Tag: Downgrades
JPMorgan Chase downgrades three regional banks
JPMorgan Chase & Co. analysts on Friday downgraded three regional bank stocks and said they’re moving their outlook for the sector to neutral based on rising expectations of a recession as w...
Goldman Sachs downgrades Coinbase shares to “sell”
The shares of Coinbase have been facing a massive decline during the past 24 hours. The exchange shares have dropped by double digits to trade at $54.88 at the time of writing. The dip in COIN comes a...
Goldman Sachs Downgrades Coinbase Shares, Predicts 60% Revenue Decline
Coinbase shares fell 9% to $56.88 on Monday after Goldman Sachs downgraded the company to “sell” from “neutral,” and lowered its price target to $45 from $70. Analyst Will Nance also wrote in a note t...
Goldman Sachs downgrades Coinbase stock to ‘sell’
Shares of Coinbase Global Inc. (COIN) have been downgraded by analysts at Goldman Sachs after plunging cryptocurrency prices affected the exchange’s underlying business, underscoring the challenges po...
UBS downgrades eBay as the stock loses over 30% YTD
eBay (NASDAQ: EBAY) was one of the original e-commerce companies that allowed consumers and businesses to sell goods online. With the premise of an auction-style website, it enabled people to sell unu...
Shares in Coinbase down 5% in pre-market as Goldman Sachs downgrades stock to sell
Coinbase (COIN) was downgraded from buy to sell by Investment bank Goldman Sachs on Monday, while shares plunged over 5% in pre-market trading. Goldman Sachs has downgraded Coinbase after several wee...
Coinbase Sinks as Goldman Downgrades to Sell After 75% Rout
(Bloomberg) — Goldman Sachs Group Inc. analysts downgraded Coinbase Global Inc. to a sell rating as the crypto winter continues to take its toll on the struggling digital currency exchange. Most...
Goldman Sachs Reportedly Downgrades Coinbase’s Stocks to ‘Sell’ as COIN Drops 9% Daily
The multinational investment giant – Goldman Sachs – reportedly recommended selling Coinbase (COIN) stocks is a better option than holding or buying them at the moment. As a result, shares of the exch...
Goldman Sachs downgrades Coinbase stock to sell
The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company headquartered in New York has downgraded Coinbase stock (NASDAQ: COIN) from a buy to a sell. T...
Moody’s downgrades Coinbase due to bear market: Warns it may not be the last
Moody’s said further downgrades could follow if Coinbase doesn’t diversify from its current revenue model or it’s unable to turn a profit even in a prolonged bear market. Credit ratings agency Moody’s...
Moody’s Downgrades Coinbase Amid Prolonged Bear Market
Credit rating business Moody’s Investors Service has downgraded the Corporate Family Rating (CFR) and guaranteed senior unsecured notes of crypto exchange Coinbase. Moody’s downgraded the exchange’s C...
Piper Sandler downgrades Micron Technology to ‘underweight’
Don’t expect shares of Micron Technology Inc (NASDAQ: MU) to recover any time soon, a Piper Sandler analyst said in a note on Friday. The stock is down nearly 30% from its year-to-date high. Micron is...
Moody’s Downgrades Ukraine as Drawn Out War Raises Debt Risk
(Bloomberg) — Moody’s Investors Service cut Ukraine’s credit rating to the third-lowest level as a more drawn out war than expected increases risks around the nation’s debt sustainability. Most ...
GM and Ford Get Double Downgrades to Sell. Wells Fargo Sours on EVs.
Text size Ford F-150 Lightning electric truck Courtesy of Ford The auto industry is all-in on electric vehicles. Wells Fargo isn’t so sure that’s a great idea. Wednesday evening, analyst Colin Langan ...
BMO Capital downgrades Wendy’s to market perform
Shares of Wendy’s Co (NASDAQ: WEN) are unlikely to recover much in the near term, said a BMO Capital analyst on Monday. The stock is down 15% for the year. Andrew Strelzik reveals a $22 price ta...
Investment Bank Stifel Downgrades Twitter to ‘Sell’ Amid ‘Full-Blown Elon Circus’
Twitter is headed for a “full-blown Elon circus,” investment bank Stifel wrote in a new report as it downgraded the social-media company’s shares to “sell.” The bank issued its updat...
BofA Downgrades UPS, Eight Other Transport Stocks
Fundamentals in the transportation market are deteriorating, and that’s led Bank of America to downgrade nine of the 28 stocks it covers in the sector. Freight-market signals “have turned ...
Morgan Stanley upgrades BP and downgrades Eni
Morgan Stanley lifted its rating on BP BP, -0.07% BP, +0.34% to overweight from equal weight, while it downgraded Italy’s Eni ENI, +0.70% back to equal weight from overweight. BP was previously ...
Moody’s downgrades China property developer Shimao over debt troubles
Signage at the Intercontinental Shanghai Wonderland Hotel, developed by Shimao Group Holdings, in Shanghai, China, on Feb. 9, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Moody’s downgr...
Fitch downgrades El Salvador – What next for the country?
Traditional finance is bringing all to bear on the small Central American country of El Salvador that had the temerity to step out of line and adopt Bitcoin alongside the US dollar as legal tender. Fi...
Fitch downgrades El Salvador’s long-term IDR to ‘CCC’ from ‘B-‘
El Salvador, the first country to legalize Bitcoin as a currency has maintained undeterred relations with Bitcoin. Over the years, the country has faced a countless number of critics for holding and a...
Chainlink price analysis: Bearish wave continues as LINK further downgrades to $16.3
TL;DR Breakdown Chainlink price analysis is bearish. The price has been lowered down to $16.3. Support for LINK is present at $16.0. The latest Chainlink price analysis shows a bearish trend as a down...
Major Equity Averages Face Weekly Chart Downgrades
(Photo by Mario Tama) Getty Images The five major equity averages ended 2021 with positive weekly charts. This is no longer the case at the end of the first week of 2022. The Dow Jones Industrial Aver...
Chip Stocks Are in for Trouble, Analyst Says. 4 Stocks Get Downgrades.
Text size The iShares Semiconductor ETF has fallen even more than the overall market this year. Courtesy of Texas Instruments BofA Global Research is getting more downbeat about the chip industry. Eve...