islander11/iStock via Getty Images Intapp (NASDAQ:INTA) shares fell more than 4% in premarket trading on Monday as Oppenheimer downgraded the software company, citing worries over the impact of artificial intelligence and increased competition. Although there has been a lot of buzz around AI in the tech landscape, there are concernsContinue Reading
Andree_Nery/iStock via Getty Images Shoals Technologies (NASDAQ:SHLS) -2.9% in Tuesday’s trading after Citigroup double downgrades the solar energy equipment supplier to Sell from Buy with a $5 price target, ahead of an initial determination of its patent infringement case against Voltage. Shoals’ (SHLS) infringement case has an initial determination slatedContinue Reading
wilpunt/E+ via Getty Images Pure Storage (NYSE:PSTG) was in the spotlight on Tuesday as investment firm UBS downgraded the flash storage company, noting that increased competition could impact its valuation. Shares fell 4.9% in premarket trading and have gained 88% year-to-date. “Pure’s valuation has benefitted from the view that AIContinue Reading
ArtistGNDphotography/E+ via Getty Images Citi downgraded home builders Lennar (NYSE:LEN) and D.R. Horton (NYSE:DHI) to Neutral from Buy on softening housing activity this summer. The analysts trimmed both LEN’s and DHI’s estimated EPS for FY24. For both LEN and DHI, Citi said it sees limited near-term catalysts for the stockContinue Reading
yangphoto/E+ via Getty Images NextEra Energy Partners (NYSE:NEP) -6.7% in Monday’s trading as RBC Capital downgrades to Sector Perform from Outperform with a $30 price target, cut from $38, anticipating a challenging road ahead with insufficient growth from wind repowerings and ~$3.7B in looming CEPF liabilities after 2026. Given aContinue Reading
duoogle Piper Sandler has downgraded Zimmer Biomet (NYSE:ZBH) to neutral, citing a lack of near-term catalysts. The investment bank said it sees “limited” upside to large joint estimates for the second half of the year and 2025. It also noted the company is facing increased competition in the robotics marketContinue Reading
