Bank of America (BAC:NYS) and ABB (ABB:NYS) Downgraded

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Downgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been downgraded by at least one analyst in the last few days.

Why Do Companies Get Downgraded?

Companies can get downgraded for a number of reasons but primarily due to reduced future earnings potential due to loss of contracts, faultering product lines, increasing costs relative to revenue or financial risk.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
BAC Bank of America Corporation 5 0 3 1 1 0 3.7000 3.8000 Outperform
ABB ABB Ltd 2 0 1 1 0 0 3.7500 4.0000 Outperform
OKE ONEOK Inc 3 1 1 0 0 0 4.4000 4.7500 Outperform
NTR Nutrien Ltd 6 4 5 0 1 0 3.8750 3.9333 Outperform
TIF Tiffany & Co 3 0 2 1 0 0 3.8333 4.0000 Outperform
WYN Wyndham Worldwide Corp 0 0 0 1 0 0 2.0000 3.0000 Underperform
XEC Cimarex Energy Co 2 0 1 0 0 0 4.3333 5.0000 Outperform
DO Diamond Offshore Drilling Inc 1 0 2 1 1 0 2.8000 3.1667 Hold
HBM Hudbay Minerals Inc 5 5 4 0 0 0 4.0714 4.2143 Outperform
RMAX RE/MAX Holdings Inc 0 0 0 0 1 0 1.0000 3.0000 Sell
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
HSE Husky Energy Inc 1 1 7 0 1 0 3.1000 3.2000 Hold
HBM Hudbay Minerals Inc 5 5 4 0 0 0 4.0714 4.2143 Outperform
SOT.UN Slate Office REIT 2 0 1 0 0 0 4.3333 4.5000 Outperform
BLU BELLUS Health Inc 1 1 0 0 0 0 4.5000 5.0000 Outperform
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
SIL SilverCrest Metals Inc 1 2 0 0 0 0 4.3333 4.5000 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
CYTK Cytokinetics Inc 1 0 1 0 0 0 4.0000 4.3333 Outperform
MRUS Merus NV 0 0 1 0 0 0 3.0000 4.0000 Hold

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

BAC:NYS Bank of America

http://www.bankofamerica.com
Bank of America has 210000 employees and is headquartered in United States.
Bank of America Corporation is a bank holding and a financial holding company. The company provides financial products and services to people, companies and institutional investors.

ABB:NYS ABB

http://www.abb.com
ABB has 136000 employees and is headquartered in Switzerland.
ABB Ltd is a power and automation systems provider that are designed to boost industrial productivity, increase power grid reliability and enhance energy efficiency. The company works closely with utility, industry, transport and infrastructure customers.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.