MARKET REPORT
Analyst moves: Akamai, Chemours and Compass Minerals cut; Persimmon and James Hardie upgraded
Executive takeaway
A cluster of broker actions saw downgrades for Akamai, Chemours, Compass Minerals, Interparfums and Beazer Homes, while Persimmon and James Hardie were upgraded.
Brokers made a series of rating changes across sectors.
HSBC cut Akamai to Hold and lowered its price target, citing margin concerns. UBS downgraded Chemours on worries about its refrigerants business. JPMorgan downgraded Compass Minerals on volume concerns, and Texas Capital cut Beazer Homes to Hold on its margin outlook. Goldman Sachs downgraded Interparfums, arguing that a re-rated valuation limits further upside.
On the positive side, Deutsche Bank upgraded Persimmon after robust interim results and an improved return-on-equity outlook, Barclays upgraded James Hardie on portfolio growth, and Berenberg turned bullish on Shaftesbury Capital on a brighter outlook for London's West End.
Wire sources cited
- Investing.com — All NewsJPMorgan downgrades Compass Minerals stock rating on volume concernsExternal ↗
- Investing.com — All NewsBarclays upgrades James Hardie stock rating on portfolio growthExternal ↗
- Investing.com — All NewsUBS downgrades Chemours stock rating on refrigerant concernsExternal ↗
- Investing.com — All NewsHSBC downgrades Akamai stock rating to Hold, cuts price target on margin concernsExternal ↗
- Investing.com — All NewsBerenberg turns bullish on Shaftesbury Capital as West End outlook brightensExternal ↗
- Investing.com — All NewsBeazer Homes stock rating cut to Hold at Texas Capital on margin outlookExternal ↗
- Investing.com — All NewsDeutsche Bank upgrades Persimmon stock on robust interims, ROE outlookExternal ↗
- Investing.com — All NewsGoldman downgrades Interparfums as re-rated valuation limits upsideExternal ↗
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.