Feb 29, 2016

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Recent Stock Downgrades: Digital Globe Inc (NYSE:DGI), Patriot National Inc (NYSE:PN), Southwestern Energy Company (NYSE:SWN)

Recent Stock Downgrades: Digital Globe Inc (NYSE:DGI), Patriot National Inc (NYSE:PN), Southwestern Energy Company (NYSE:SWN)

Analyst recommendations are like dairy products in that it is best to use them quickly or not at all. Shares tend to drift in the direction of recommendation changes, but for weeks or months, not years. The best recommendation changes are ones that stem from concrete new information, and that change in near-term earnings forecasts are a good sign of such information.

According to U.S. SEC, Research analysts study publicly traded companies and make recommendations on the securities of those companies. Most specialize in a particular industry or sector of the economy. They exert considerable influence in today’s marketplace. Analysts’ recommendations or reports can influence the price of a company’s stock—especially when the recommendations are widely disseminated through television appearances or through other electronic and print media. The mere mention of a company by a popular analyst can temporarily cause its stock to rise or fall—even when nothing about the company’s prospects or fundamentals has recently changed. Analysts often use a variety of terms—buy, strong buy, near-term or long-term accumulate, near-term or long-term over-perform or under-perform, neutral, hold—to describe their recommendations. But the meanings of these terms can differ from firm to firm.

Digital Globe Inc (NYSE:DGI) received a stock rating downgrade from Chardan Capital Markets on Friday. In a note to investors, the firm issued a Neutral rating. The average analysts that follow this company have a ‘Strong Buy’ rating on this stock, according to Zacks Investment Research. Three maintain strong buy rating, 2 set the stock as buy, Zero give underperform rating and Zero suggests selling.

Patriot National Inc (NYSE:PN) was dropped to Neutral from Buy at Sun Trust Rbsn Humphrey. It has earned a consensus Buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 1 has assigned a hold rating, Zero says it’s a buy and 1 has assigned a strong buy rating to the company.

Southwestern Energy Company (NYSE:SWN) shares were down -5.83% on Friday after analysts at Jefferies downgraded the stock to Underperform from Buy. The stock has a consensus Buy rating, according to Zacks Investment Research. Two analysts have rated the stock with a sell rating, 14 have assigned a hold rating, Zero says it’s a buy, and 6 have assigned a strong buy rating to the company.

 

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