Research Analysts’ downgrades for Thursday, August 10th:
MakeMyTrip Limited (NASDAQ:MMYT) was downgraded by analysts at Jefferies Group LLC from a buy rating to a hold rating. They currently have $32.00 target price on the stock.
Semiconductor Manufacturing International Corporation (NYSE:SMI) was downgraded by analysts at Citigroup Inc. from a buy rating to a neutral rating.
Tata Motors (NYSE:TTM) was downgraded by analysts at Morgan Stanley from an overweight rating to an equal weight rating.
Unique Fabricating (NASDAQ:UFAB) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Unique Fabricating, Inc. is a supplier of components in the automotive and industrial appliance market. The Company’s solutions comprised of multi-material foam, rubber and plastic components for noise, vibration and harshness management, acoustical management, water and air sealing, decorative and other functional applications. Its processes include die cutting, thermoforming, compression molding, fusion molding and assembly. The company operates primarily in Auburn Hills, Michigan, LaFayette, Georgia and Monterrey, Mexico. Unique Fabricating, Inc. is headquartered in Auburn Hills, Michigan. “
Ultrapar Participacoes (NYSE:UGP) was downgraded by analysts at Bank of America Corporation from a neutral rating to an underperform rating.
Communications Sales & Leasing,Inc. (NASDAQ:UNIT) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Uniti Group Inc. is a real estate investment trust company. It engaged in the acquisition and construction of mission critical infrastructure in the communications industry. The company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers. Uniti Group Inc. is headquartered in Little Rock, AR. “
Univar (NYSE:UNVR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois. “
Energy Fuels (NYSEMKT:UUUU) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Energy Fuels, Inc. is engaged in mining, production and development of uranium and vanadium. The company operates primarily in Colorado, Utah, Arizona, Wyoming and New Mexico. Energy Fuels, Inc. is based in Toronto, Canada. “
VEREIT (NYSE:VER) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “VEREIT, Inc. is a real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. VEREIT, Inc., formerly known as American Realty Capital Properties Inc., is based in Phoenix, United States. “
Varex Imaging (NASDAQ:VREX) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Varex Imaging Corporation is an innovator, designer and manufacturer of X-ray imaging components which include tubes, digital flat panel detectors and other image processing solutions. Its components are used in medical imaging as well as industrial and security imaging applications. The company operates primarily in North America, Europe and Asia. Varex Imaging Corporation is based in Salt Lake City, United States. “
Advanced Drainage Systems (NYSE:WMS) was downgraded by analysts at Zacks Investment Research from a buy rating to a sell rating. According to Zacks, “Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. Its products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. Advanced Drainage Systems, Inc. is headquartered in Hilliard, Ohio. “
