Morgan Stanley Downgrades Fastenal Amid Record Valuation
While external factors limit the upside for Fastenal Company (NASDAQ: FAST), internal factors pose heightened risk over the next 12 months, according to Morgan Stanley.
Raymond James Downgrades Nutrien to Outperform, Raises Price Target to $82
Raymond James analyst Steve Hansen downgrades Nutrien (NYSE:NTR) from Strong Buy to Outperform and raises the price target from $75 to $82.
UBS Downgrades Cimarex Energy to Neutral, Lowers Price Target to $83
UBS analyst Lloyd Byrne downgrades Cimarex Energy (NYSE:XEC) from Buy to Neutral and lowers the price target from $91 to $83.
JP Morgan Downgrades Broadstone Net Lease to Neutral, Announces $25 Price Target
JP Morgan analyst Anthony Paolone downgrades Broadstone Net Lease (NYSE:BNL) from Overweight to Neutral and announces $25 price target.
Piper Sandler Downgrades Principal Financial Gr to Neutral, Lowers Price Target to $70
Piper Sandler analyst John Barnidge downgrades Principal Financial Gr (NASDAQ:PFG) from Overweight to Neutral and lowers the price target from $72 to $70.
Morgan Stanley Downgrades Fastenal to Underweight, Lowers Price Target to $48
Morgan Stanley analyst Joshua Pokrzywinski downgrades Fastenal (NASDAQ:FAST) from Equal-Weight to Underweight and lowers the price target from $53 to $48.
Needham Downgrades Ceridian HCM Holding to Hold
Needham analyst Scott Berg downgrades Ceridian HCM Holding (NYSE:CDAY) from Buy to Hold.
Goldman Sachs Cuts Ferrari As It Increases Capex To Race Ahead
Ferrari NV (NYSE: RACE) will need to make higher capital expenditure earlier than expected for its transition to future technologies, according to Goldman Sachs.
RF Lafferty Downgrades Lordstown Motors to Sell
RF Lafferty analyst Jaime Perez downgrades Lordstown Motors (NASDAQ:RIDE) from Hold to Sell.