Investment Analysts’ Downgrades for December, 7th (AAL, CME, CTXS, HA, JBLU, SAVE, SCFLF, SCL, SCMWY, SECO)

Investment Analysts’ downgrades for Friday, December 7th:

American Airlines Group (NASDAQ:AAL) was downgraded by analysts at Wolfe Research from an outperform rating to a market perform rating.

CME Group (NASDAQ:CME) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Shares of the company have surpassed the industry year to date. It remains well-poised for growth on a strong market position with varied derivative product lines. Efforts to expand and cross sell its core exchange-traded business via new product initiatives and a global reach also drive growth. It intends to exit its credit default swap clearing business by mid-2018 and focus on over-the-counter clearing services on interest rate swaps as well as foreign exchange. Also, the buyout of Nex Group will help CME generate $200 million in run-rate cost synergies, annually, by 2021-end. However, exposure to interest rate volatility and limited credit availability might dent liquidity.”

Citrix Systems (NASDAQ:CTXS) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Citrix Systems is a provider of virtualization, networking and cloud computing solutions. The company is benefiting from robust adoption of its Subscription based services. Solid adoption of unified workspace solutions and hybrid cloud offerings are key positive. Traction witnessed by ShareFile is notable. The company also provided an impressive guidance. Efforts to reward shareholders through share buybacks are a positive. Buyout of Cedexis is likely to improve company’s operational performance. The company has deployed its Cloud services including XenDesktop and XenApp on Oracle Cloud Marketplace. This is likely to have led to new customer additions, consequently generating incremental revenues. Its strong customer base is another positive. Acquisition of Sapho will enable the company to fortify its competitive position in the rapidly growing desktop virtualization market. However, adverse foreign exchange movements remain a headwind.”

Hawaiian (NASDAQ:HA) was downgraded by analysts at Wolfe Research from an outperform rating to a market perform rating.

JetBlue Airways (NASDAQ:JBLU) was downgraded by analysts at Wolfe Research from a market perform rating to an underperform rating.

Spirit Airlines (NASDAQ:SAVE) was downgraded by analysts at Wolfe Research from an outperform rating to a market perform rating.

Schaeffler (OTCMKTS:SCFLF) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Schaeffler AG engages as a supplier to the automotive and industrial sectors. It provides rolling bearing and plain bearing solutions and linear and direct drive technology. The company’s operating segment consists of Automotive and Industrial segments. Automotive segment provides product and service business with customers in the automotive sector. Industrial segment offers product and service business with manufacturers of investment goods. Schaeffler AG is headquartered in Herzogenaurach, Germany. “

Stepan (NYSE:SCL) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading producer of surfactants, which are the key ingredients in consumer and industrial cleaning compounds. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market and C.A.S.E. (Coatings, Adhesives, Sealants, and Elastomers) industries. “

Swisscom (OTCMKTS:SCMWY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Swisscom is Switzerland’s leading telecommunications company. The innovative, customer-focused and strongly-competitive group offers a full range of voice and data communication services on fixed-line and mobile networks. Swisscom offers the complete spectrum of state-of-the-art data services, from leased lines to integrated solutions for corporate customers. “

Secoo (NASDAQ:SECO) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Secoo Holding Limited provides e commerce services. The Company offers retail sale of bags, watch, jewelry, clothing, footwear, accessories, skin care products, oral care, perfume and outdoor sports goods, as well as house decor, cleaning supplies, home appliances, kitchen equipment and computer peripherals. Secoo Holding Limited is based in Beijing, China. “

Stora Enso Oyj (OTCMKTS:SEOAY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “

Syndax Pharmaceuticals (NASDAQ:SNDX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Syndax Pharmaceuticals, Inc. is a biopharmaceutical company which focused on the development and commercialization of entinostat, an epigenetic therapy for treatment-resistant cancers. The Company’s product pipeline includes ENCORE 601, ENCORE 602, J1353, NCI-7870, NCI-9844, E2112, NCI-8871 and NCI-9253 which are in clinical trial stage. Syndax Pharmaceuticals, Inc. is based in WALTHAM, United States. “

Splunk (NASDAQ:SPLK) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California. “

Spirit Realty Capital (NYSE:SRC) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Spirit Realty Capital, Inc. is a real estate investment trust. It acquires single tenant, operationally essential real estate where the tenants conduct retail, service or distribution activities. The Company has investments throughout the United States. Its portfolio of properties is leased to tenants operating in different industries which includes restaurants; general, specialty and discount retailers; movie theatres; education facilities; health, fitness and recreational facilities; automotive dealers, parts and service facilities; and supermarkets. Spirit Realty Capital, Inc. is based in Scottsdale, Arizona. “

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Sierra Wireless, Inc. is a leading provider of wireless data communications products. The company delivers wireless PC Cards for portable computers, wireless adapters for PDA’s, OEM modules for embedded applications and rugged vehicle-mounted wireless systems. The company is the founding member of the WirelessReady Alliance, an alliance of industry-leading hardware, software and service companies committed to the delivery of complete and compelling wireless data solutions. “

Syneos Health (NASDAQ:SYNH) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “INC Research Holdings, Inc. is a global contract research organization. It provides the full range of Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. Its services include clinical trial management services comprising patient recruitment and retention, project management, clinical monitoring, drug safety/pharmacovigilance, medical affairs, quality assurance, regulatory and medical writing, and functional service; and data services consisting of clinical data management, electronic data capture, and biostatistics. INC Research Holdings, Inc. is headquartered in Raleigh, North Carolina. “

THOMAS COOK Grp/ADR (OTCMKTS:TCKGY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Thomas Cook Group Plc provides leisure travel services. The Company owns, operates and manages travel agencies, tour operators and car hire agencies, as well as owning their own aircraft fleet, cruise ships and resort properties. Thomas Cook Group Plc is based in London, United Kingdom. “

WestJet Airlines (OTCMKTS:WJAFF) was downgraded by analysts at Wolfe Research from a market perform rating to an underperform rating.

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