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KeyBanc Downgrades This Diversified Industrial Company

NN Inc (NASDAQ:NNBR) was downgraded to Sector Weight from Overweight by KeyBanc analyst Steve Barger without a price target. Barger takes…

byAkanksha Bakshi

March 18, 2022

1 minute read

NN Inc (NASDAQ:NNBR) was downgraded to Sector Weight from Overweight by KeyBanc analyst Steve Barger without a price target.
Barger takes a conservative approach to the NNBR’s industrial and semicap equipment coverage, citing ongoing uncertainty around the Russia-Ukraine conflict, persisting inflationary surges in commodity and energy costs, and the COVID resurgence in Asia.
The analyst believes challenges will continue in 1H22, amidst IHS again reducing its global auto production forecast and concerns around Europe activity levels and inflation-driven gross margin pressure.
Price Action: NNBR shares are trading lower by 4.22% at $2.95 on the last check Friday.

B of A Securities Downgrades Fluence Energy to Underperform, Announces $14 Price Target

By Benzinga Newsdesk

Today, 3:07 PM

B of A Securities analyst Julien Dumoulin-Smith downgrades Fluence Energy (NASDAQ:FLNC) from Neutral to Underperform and announces $14 price target.

FLNC

Ocuphire Pharma Q3 EPS $(0.25) Up From $(0.33) YoY

By Benzinga Newsdesk

Today, 3:07 PM

Ocuphire Pharma (NASDAQ:OCUP) reported quarterly losses of $(0.25) per share. This is a 24.24 percent increase over losses of $(0.33) per share from the same period last year.

OCUP