Written by MarketBeat Staff
April 17, 2024
Wall Street research analysts must be the most optimistic people on earth. They give "buy" ratings to more than half of public companies, even during the worst bear markets. They don't even give stocks a "hold" rating unless the company has made major missteps.
"Sell" ratings are rare and are only given when the sustainability of a company's business model is in serious question. When Wall Street analysts across multiple brokerages all start downgrading a stock, you know something is seriously wrong.
MarketBeat has compiled an exclusive list of the 12 most downgraded stocks on Wall Street right now. If any of these companies are lurking around in your portfolio, you will want to ask yourself "Why?". Wall Street analysts are abandoning these companies in droves. They are true "strong sell" stocks.
- Number of Downgrades
- 37 (in the last 90 days)
- Consensus Rating
- Reduce
- Rating Score
- 2.0
- Ratings Breakdown
- 8 Buy Ratings, 15 Hold Ratings, 9 Sell Ratings.
- Consensus Price Target
- $197.15 (26.8% Upside)
About Tesla
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
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Recent Analyst Ratings
#2 - Columbia Banking System (NASDAQ:COLB)
- Number of Downgrades
- 20 (in the last 90 days)
- Consensus Rating
- Hold
- Rating Score
- 2.2
- Ratings Breakdown
- 2 Buy Ratings, 11 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $22.42 (28.2% Upside)
About Columbia Banking System
Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.
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Recent Analyst Ratings
- Number of Downgrades
- 19 (in the last 90 days)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.6
- Ratings Breakdown
- 13 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $229.35 (34.8% Upside)
About Boeing
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.
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Recent Analyst Ratings
- Number of Downgrades
- 18 (in the last 90 days)
- Consensus Rating
- Hold
- Rating Score
- 2.2
- Ratings Breakdown
- 2 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- C$53.63 (20.7% Upside)
About BCE
BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.
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Recent Analyst Ratings
- Number of Downgrades
- 18 (in the last 90 days)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.7
- Ratings Breakdown
- 18 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $297.73 (54.9% Upside)
About Biogen
Biogen Inc discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; ADUHELM to treat Alzheimer's disease; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE; and BYOOVIZ, a ranibizumab biosimilar referencing LUCENTIS.
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Recent Analyst Ratings
#6 - Lululemon Athletica (NASDAQ:LULU)
- Number of Downgrades
- 18 (in the last 90 days)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.7
- Ratings Breakdown
- 22 Buy Ratings, 5 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $485.39 (40.8% Upside)
About Lululemon Athletica
Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.
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Recent Analyst Ratings
#7 - New York Community Bancorp (NYSE:NYCB)
- Number of Downgrades
- 18 (in the last 90 days)
- Consensus Rating
- Reduce
- Rating Score
- 1.9
- Ratings Breakdown
- 0 Buy Ratings, 13 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $5.43 (82.8% Upside)
About New York Community Bancorp
New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.
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Recent Analyst Ratings
- Number of Downgrades
- 17 (in the last 90 days)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.6
- Ratings Breakdown
- 20 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $116.26 (22.6% Upside)
About NIKE
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.
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Recent Analyst Ratings
#9 - Rivian Automotive (NASDAQ:RIVN)
- Number of Downgrades
- 17 (in the last 90 days)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.5
- Ratings Breakdown
- 13 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $19.91 (127.8% Upside)
About Rivian Automotive
Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.
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Recent Analyst Ratings
- Number of Downgrades
- 16 (in the last 90 days)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.6
- Ratings Breakdown
- 19 Buy Ratings, 6 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $620.72 (30.8% Upside)
About Adobe
Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.
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Recent Analyst Ratings
- Number of Downgrades
- 16 (in the last 90 days)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.6
- Ratings Breakdown
- 22 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $202.00 (35.8% Upside)
About Snowflake
Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.
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Recent Analyst Ratings
#12 - Air Products and Chemicals (NYSE:APD)
- Number of Downgrades
- 15 (in the last 90 days)
- Consensus Rating
- Hold
- Rating Score
- 2.4
- Ratings Breakdown
- 7 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $276.36 (20.6% Upside)
About Air Products and Chemicals
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.
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Recent Analyst Ratings
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