Research Analysts’ Downgrades for June, 14th (DOL, ENR, FBHS, NAV, TLSNY, TRNX, TSCDY, TUSK, UBA, UCFC)

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Research Analysts’ downgrades for Friday, June 14th:

Dollarama (TSE:DOL) was downgraded by analysts at Desjardins from a buy rating to a hold rating. The firm currently has C$49.00 price target on the stock, up from their previous price target of C$43.00.

Energizer (NYSE:ENR) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. They currently have $45.00 price target on the stock. According to Zacks, “Shares of Energizer have underperformed the industry in the past three months. This may be attributed to the company’s dismal performance during the second quarter of fiscal 2019, wherein both the top line and the bottom line missed the Zacks Consensus Estimate. Also, its earnings per share fell from the year-ago period. Further, management lowered its earnings view for fiscal 2019. Dismal margins as well as high debt level might have also kept investors on their toes. Headwinds related to currency fluctuations and commodity costs cannot be ignored. Nevertheless, the company is focused on driving productivity by the execution of improvement initiatives, streamlining international organization and optimizing manufacturing footprint. Also, it is on track with acquisitions to boost revenue and drive profitability. “

Fortune Brands Home & Security (NYSE:FBHS) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. Zacks Investment Research currently has $56.00 price target on the stock. According to Zacks, “Over the past three months, Fortune Brands’ shares have outperformed the industry. We believe that the company is poised to gain from its solid product portfolio, inorganic activities and shareholder-friendly policies in the long run. In addition, the company remains focused on strengthening its competency on the back of meaningful business acquisitions. Fortune Brands continues to anticipate both the U.S. home products market and the global market to grow 2-4% in 2019. For 2019, the company expects revenues to increase 6-7.5% on a year-over-year basis. However, the stock looks significantly overvalued compared with the industry. Also, an increase in cost of sales mainly due to tariffs can hurt its margins. Further, a highly leveraged balance sheet, can inflate financial obligations and hurt profitability.”

Navistar International (NYSE:NAV) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. They currently have $36.00 target price on the stock. According to Zacks, “In the second quarter of fiscal 2019, Navistar’s earnings and revenues surpassed the respective Zacks Consensus Estimate. Robust backlogs and improving market share aided the company’s financials. Further, it upgraded its outlook for fiscal 2019 on these positive aspects. For the current fiscal year, Navistar expects revenues to be $11.25- $11.75 billion and adjusted EBITDA is projected to be $875-$925 million. Re-launching of upgraded products beside new product launches is supporting the company’s market share growth. However, declining freight demand and reduction in used truck prices are likely to hurt Navistar. Also, the ongoing changes in on-highway emission standards and high costs are other headwinds.”

TELIA Co A B/ADR (OTCMKTS:TLSNY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Telia Company AB provides network access and telecommunication services. The company also offers mobile and broadband; and fixed services, including telephony, data and TV services. It operates primarily in Sweden and Europe. Telia Company AB, formerly known as TeliaSonera AB, is headquartered in Stockholm, Sweden. “

Taronis Technologies (NASDAQ:TRNX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Taronis Technologies Inc. owns a patented plasma arc technology which enables end use applications for fuel generation and water decontamination. The Company is developing end market uses for fuels, including replacement products for propane, compressed natural gas and liquid natural gas. It distributes proprietary metal cutting fuel through its wholly owned distributors ESSI, Green Arc Supply, Paris Oxygen, Latex Welding Supplies, Tyler Welders Supply, United Welding Supplies, Trico Welding Supply and Complete Welding of San Diego. The Company operates primarily in California, Texas, Louisiana and Florida. Taronis Technologies Inc., formerly known as MagneGas Applied Technology Solutions Inc., is based in FL, United States. “

Tesco (OTCMKTS:TSCDY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “TESCO PLC., is the UK’s largest retailer and one of the world’s leading international retailers. Tesco has reached this position through consistent focus on their four part strategy for growth: Tesco has a strong, growing core UK business offering customers excellent value, choice and convenience; Tesco aims to be as strong in non-food as it is in food; Tesco follows the customer into new areas like retailing services such as financial products (Tesco Personal Finance), internet shopping (Tesco.com) and telecoms (Tesco telecom offers mobile, fixed line and broadband services) & Tesco is a leading international retailer with a long term strategy for growth. Tesco is a multi-format business, operating hypermarkets, superstores, supermarkets and convenience stores. “

Mammoth Energy Services (NASDAQ:TUSK) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Mammoth Energy Services Inc. is an integrated oilfield service company. It engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves and energy infrastructure. The Company’s segment include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services and Remote Accommodation Services. Mammoth Energy Services Inc. is based in Oklahoma, United States. “

Urstadt Biddle Properties (NYSE:UBA) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. “

United Community Financial (NASDAQ:UCFC) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “United Community Financial Corporation is a very traditional savings and loan company. While the company intends to remain committed to financing home ownership, it also believes it must gradually expand the types of loan products it offers in order to meet the needs of its market area and to improve profitability. The company began to commit substantial resources to the commercial lending area, which is headed and staffed by individuals with very extensive commercial banking experience. “

Net 1 UEPS Technologies (NASDAQ:UEPS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Net 1 U.E.P.S. Technologies provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies. Net 1 believes that it is the first company worldwide to implement a system that can enable the estimated four billion people who generally have limited or no access to a bank account to enter affordably into electronic transactions with each other, government agencies, employers, merchants and other financial service providers. “

Upwork (NASDAQ:UPWK) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Upwork Inc. provides online recruitment services. The Company offers jobs in the categories such as website developers, virtual assistants, sales and marketing experts, accountants and consultants. Upwork Inc. is based in CA, United States. “

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