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

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.