Analysts hailed Uber Technologies Inc. as their ride-sharing preference Tuesday as Lyft Inc. posted quarterly results that indicated it was feeling some pressure from its larger rival, sending Lyft’s shares Read more
Tag: downgrades
Goldman downgrades Shell over ‘relatively expensive’ valuation versus competitors
Shares in Shell dropped 2% on Monday as Goldman Sachs downgraded the big oil company as its period of “outperformance” led to “a relatively expensive valuation vs peers,” its analysts Read more
Taiwan Semi slumps after reported diss of U.S. chip efforts, analog-chip downgrades also drag on semiconductor sector
Chip stocks lagged behind the broader market Monday following a report that Taiwan’s fabrication industry is pessimistic about U.S. efforts to lessen its reliance on foreign capacity, along with a Read more
CSX, Norfolk Southern stocks sink to near 2-year lows after UBS downgrades, citing a ‘deteriorating’ outlook
Shares of CSX Corp. and Norfolk Southern Corp. both sank toward the lowest levels in nearly two years Tuesday, after UBS analyst Thomas Wadewitz backed away from his long-time bullish Read more
UBS downgrades Primark owner ABF over energy costs hike and sourcing challenges
Associated British Foods’ (ABF) stock fluctuated on Wednesday after UBS downgraded the Primark owner over operational expenditure concerns. Shares in ABF ABF, -0.42% opened over 2% lower on Wednesday morning Read more
Credit Suisse shares dive toward record low after credit downgrades
Shares in Credit Suisse slumped nearly 7% to flirt with a record low on Tuesday after downgrades by two credit rating agencies highlighted the challenges facing new boss Ulrich Koerner Read more