Stock Downgrades: FDP, BRY, ATNI, JBLU, SINA
Wednesday, March 02, 2022 10:46 AM

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The broader market has started to bounce to a modest gain. The move has been relatively broad, but Joy Global has been left behind. Its loss, which is currently near 3 percent, is one of the worst in the S&P 500 this morning. Meanwhile, Yahoo! is up close to 4 percent, which makes it one of this morning's strongest performers.

Stock Downgrades:

Analysts at CLSA have downgraded Fresh Del Monte (NYSE: FDP) to Underperform from Buy. The downgrade came after the firm raised FDP’s price target to $29 from $25. The stock is trading at $26.74, down 0.07 percent.

The stock of Berry Petroleum (NYSE: BRY) was downgraded to Accumulate from Buy, by the analysts at Global Hunter. The company was downgraded after its quarterly profits were cited to have lagged estimates for the first time this year on lower sales at its electricity segment and higher expenses. BRY is currently trading at $47.89, down 1.18 percent.

Atlantic Tele-Network (Nasdaq: ATNI) was downgraded to Equal Weight from Over Weight, after its Q4 results. The shares of the company are trading at $34.33, down 8.33 percent.

JetBlue (NASDAQ: JBLU) was downgraded by the analysts at Raymond James to Market Perform from Outperform. The company faced the downgrade after its attempted $20 raise in domestic ticket prices. JBLU is trading at $5.56, down 0.54 percent.

ThinkEquity downgraded SINA (NASDAQ: SINA) to Hold from Buy, based on valuation and potential margin pressure from increased investments. The stock is currently trading at $74.95, down 8.60 percent.



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Market news:

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