HomeLatest News4 Major Analyst Downgrades: An SEO-Optimized, Jargon-Free Rewrite 1. "Significant Analyst Downgrades Impact...

4 Major Analyst Downgrades: An SEO-Optimized, Jargon-Free Rewrite 1. “Significant Analyst Downgrades Impact Prominent Stocks” 2. “Market Experts Slash Ratings on Key Companies” 3. “Prominent Stocks Face Major Rating Reductions by Analysts” 4. “Key Companies Experience Noteworthy Downgrades by Market Analysts”

Pro Recap: Analyst Cuts at Carrier, Foot Locker, Jack Henry, and Welltower

Carrier Global Cut to Underperform

Shares of Carrier Global fell over 1% on Thursday after Wolfe Research downgraded the company to Underperform from Peerperform. Wolfe Research cited a more challenging outlook for EU heat pump demand and increased financing costs as reasons for the downgrade. The analysts also adjusted their growth estimate for Viessmann, a segment of Viessmann Group that Carrier Global acquired in April. They noted a decline in German subsidy applications and unfavorable cost ratios in Europe. Carrier shares were trading at $55.37.

Foot Locker Slashed to Sell

CFRA downgraded Foot Locker from Hold to Sell, expressing caution as the stock trades at a higher price-to-earnings ratio than its historical average. The analysts highlighted challenges from declining in-mall sales, brands shifting to direct-to-consumer models, and potential financial pressure on low- to middle-income consumers in the US. CFRA advised avoiding the stock until Foot Locker reduces its inventory and improves operational performance. Despite the downgrade, shares were rising to $20.89.

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Two More Downgrades

Goldman Sachs downgraded Jack Henry & Associates to Sell from Neutral, while JPMorgan downgraded Welltower to Neutral from Overweight. Jack Henry & Associates shares fell 1.7% to $144.63, while Welltower shares were down 1.1% to $84.84.

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