Investment Analysts’ downgrades for Wednesday, September 6th:
ARRIS International PLC (NASDAQ:ARRS) was downgraded by analysts at ValuEngine from a buy rating to a hold rating.
Grupo Aval Acciones y Valores (NYSE:AVAL) was downgraded by analysts at ValuEngine from a buy rating to a hold rating.
Consolidated Communications Holdings (NASDAQ:CNSL) was downgraded by analysts at ValuEngine from a hold rating to a sell rating.
Etsy (NASDAQ:ETSY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company’s product include art, home and living, mobile accessories, jewelry, wedding, and others. It operates primarily in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. Etsy, Inc. is headquartered in Brooklyn, New York. “
EZCORP (NASDAQ:EZPW) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Ezcorp Inc. is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise. Through its lending function, the company makes relatively small, non-recourse loans secured by pledges of tangible personal property. The company contracts for a pawn service charge to compensate it for each pawn loan. “
Fate Therapeutics (NASDAQ:FATE) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Fate Therapeutics, Inc. is a biopharmaceutical company. The company focused on the discovery and development of adult stem cell modulators to treat hematologic malignancies, lysosomal storage disorders and muscular dystrophies. Fate Therapeutics, Inc. is headquartered in San Diego, California. “
Flagstar Bancorp (NYSE:FBC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, FSB, a federally chartered stock savings bank. Through its retail banking centers and e-commerce distribution channels, Flagstar attracts deposits from the general public. The institution utilizes these deposits, along with other funds garnered from the secondary market, to originate or acquire loans on a nationwide basis. “
First Financial Bankshares (NASDAQ:FFIN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
Five Below (NASDAQ:FIVE) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Five Below, Inc. is a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The Company offers products all priced at $5 and below, including select brands and licensed merchandise across a range of categories, which it refers to as worlds: Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal. It offers a wide variety of merchandise that includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room décor and storage, stationery and school supplies, video game accessories, books, DVDs, iPhone accessories, novelty and seasonal items. Five Below, Inc. is headquartered in Philadelphia, Pennsylvania. “
The First of Long Island Corporation (NASDAQ:FLIC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “The First of Long Island Corporation is a one-bank holding company. “
Farmers & Merchants Bancorp (NASDAQ:FMAO) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Farmers & Merchants Bancorp, Inc. is the holding company for The Farmers & Merchants State Bank which operates as a locally owned and operated community bank serving Northwest Ohio and Northeast Indiana. The bank provides commercial banking, retail banking and other financial services through its 19 offices with locations in Fulton, Defiance, Henry, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana they have offices located in DeKalb and Steuben counties. Farmers & Merchants Bancorp, Inc. is based in Archbold, Ohio. “
First Mid-Illinois Bancshares (NASDAQ:FMBH) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “First Mid-Illinois Bancshares, Inc. is a financial holding company. The Company is engaged in the business of banking through its wholly owned subsidiary, First Mid-Illinois Bank & Trust, N.A. It operates in three lines of business: community banking and wealth management through First Mid Bank, and insurance brokerage through First Mid Insurance Group. The company’s deposit products include demand, savings, money market, and time deposits, as well as NOW accounts. Its loan portfolio primarily comprise commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans. The company also offers estate planning, investment, and farm management services; and employee benefit services. In addition, it provides commercial lines insurance to businesses; and homeowner, automobile, and other types of personal lines insurance to individuals. First Mid-Illinois Bancshares, Inc is headquartered in Mattoon, Illinois. “
FENNER (NASDAQ:FNERF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Fenner plc is a polymer technology company, which manufactures and distributes conveyor belting and reinforced precision polymer products. It operates through the Engineered Conveyor Solutions and Advanced Engineered Products segments. Engineered Conveyor Solutions segment manufactures rubber ply, solid woven and steel cord conveyor belting for mining, power generation and industrial applications. Advanced Engineered Products segment manufactures precision polymer products including precision drives for computer peripherals, copiers and ATMs; problem solving power transmission and motion transfer components; silicone and complex hoses; seals and sealing solutions for the fluid power and oil and gas industries; technical textiles for medical and industrial applications and silicone based products and fluropolymer components for fluid and gas handling. Fenner plc is headquartered in Hessle, the United Kingdom. “
Oritani Financial Corp. (NASDAQ:ORIT) was downgraded by analysts at ValuEngine from a buy rating to a hold rating.
Rigel Pharmaceuticals (NASDAQ:RIGL) was downgraded by analysts at ValuEngine from a sell rating to a strong sell rating.
Zillow Group (NASDAQ:ZG) was downgraded by analysts at ValuEngine from a hold rating to a sell rating.
