Review Of Analyst Downgrades This Week - Part X
By Robert Broens: Analysts have been sending out their research reports to their clients again this week. The following is a review of the most important downgrades for the week of June 11th to June 15th.
Barclays Capital lowered its advice for VistaPrint (VPRT) from equalweight to underweight with a $29 price target. Shares have some 6% downside potential according to analysts. Shares in VistaPrint fell almost 9% on Wednesday on the back of Barclay's downgrade. Analysts have concerns that fourth quarter profits could be under pressure as a result of fewer search queries for the company's services and a strong dollar. Shares have fallen some 30% since their highs of $43 in April this year.
Goldman Sachs lowered its advice for McDonald's (MCD) from buy to neutral with a $92 price target. Analysts see very limited upside for the fast food chain amidst a decline in same store sales growth.Complete Story »