Equities Research Analysts’ Downgrades for April, 28th (MP, MREO, NEO, NET, NRILY, OBIIF, OCSL, ORBC, OSBC, OTIS) – American Banking News

   2021-04-28 10:04

Equities Research Analysts’ downgrades for Wednesday, April 28th:



MP Materials (NYSE:MP) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “MP Materials Corporation is the producer of rare earth materials principally in the Western Hemisphere. The company owns and operates primarily Mountain Pass. MP Materials Corporation, formerly known as Fortress Value Acquisition Corp., is based in Las Vegas, Nevada. “


Mereo BioPharma Group (NASDAQ:MREO) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Mereo BioPharma Group PLC is a biopharmaceutical company. It is focused on development and commercialization of therapeutics for patients with rare diseases. The company’s product pipeline includes BPS-804, MPH-966, BCT-197, BGS-649, Navicixizumab and Etigilimab which are in clinical stage. Mereo BioPharma Group PLC is based in London, United Kingdom. “

NeoGenomics (NASDAQ:NEO) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “NeoGenomics, Inc. is a high-complexity CLIA-certified clinical laboratory that specializes in cancer genetics diagnostic testing, the fastest growing segment of the laboratory industry. The company’s testing services include cytogenetics, fluorescence in-situ hybridization, flow cytometry, morphology studies, anatomic pathology and molecular genetic testing. Headquartered in Fort Myers, FL, NeoGenomics has labs in Nashville, TN, Irvine, CA and Fort Myers and services the needs of pathologists, oncologists, urologists, hospitals and other reference laboratories throughout the United States. “

Cloudflare (NYSE:NET) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Cloudflare Inc. provides platform protects and accelerates any Internet application online without adding hardware, installing software or changing a line of code. It operates principally in Austin, TX, Champaign, IL, New York, San Jose, Washington, D.C., Lisbon, London, Munich, Beijing, Singapore, and Sydney. Cloudflare Inc. is based in Denver, Colorado. “

Nomura Research Institute (OTCMKTS:NRILY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Nomura Research Institute, Ltd. provides research, business consulting and systems services. Its operating segment consists of Consulting, Financial Information Technology Solutions, Industrial IT Solutions, IT Platform Services and Others. Consulting segment provides management and systems consulting services. Financial IT Solutions segment offers IT solutions for securities, asset management, banking, and insurance sectors. Industrial IT Solutions segment deals with IT solutions and infrastructure services for distribution, manufacturing, service and healthcare industries, as well as for governments and other public agencies. IT Platform Services segment handles system management and advanced information technology solutions. It also conducts research for the development of new business operations and new products related to IT solutions. Others segment administers systems development and operation services on other businesses. Nomura Research Institute, Ltd. is headquartered in Tokyo, Japan. “

OBIC Co.,Ltd. (OTCMKTS:OBIIF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “OBIC Co., Ltd provides system integration services, system support services, office automation services, and package software services. It also sells, leases and develops computers, peripherals, related systems and customized software. OBIC Co., Ltd is headquartered in Tokyo, Japan. “

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Oaktree Specialty Lending Corporation is a specialty finance company. It provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. The company generates current income and capital appreciation by providing companies with flexible and innovative financing solutions including first and second lien loans, unsecured and mezzanine loans and preferred equity. Oaktree Specialty Lending Corporation, formerly known as Fifth Street Finance Corp., is based in CA, United States. “

ORBCOMM (NASDAQ:ORBC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “ORBCOMM INC., is a leading global satellite data communications company, focused on Machine-to-Machine communications. Its customers include General Electric, Caterpillar Inc., Volvo Group and Komatsu Ltd. among other industry leaders. By means of a global network of twenty nine low-earth orbit satellites and accompanying ground infrastructure, ORBCOMM’s low-cost and reliable two-way data communications products and services track, monitor and control mobile and fixed assets in four core markets: commercial transportation; heavy equipment; industrial fixed assets; and marine/homeland security. The company’s products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks and other assets. ORBCOMM is headquartered in Fort Lee, New Jersey and has a Network Control Center in Dulles, Virginia. “

Old Second Bancorp (NASDAQ:OSBC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Old Second Bancorp Inc.’s full service banking businesses include the customary consumer and commercial products and services which banks provide. The following services are included: demand, savings, time deposit, individual retirement and Keogh deposit accounts; commercial, industrial, consumer and real estate lending, including installment loans, student loans, farm loans, lines of credit and overdraft checking; safe deposit operations; trust services; and an extensive variety of additional services tailored to the needs of individual customers. “

Otis Worldwide (NYSE:OTIS) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Otis Worldwide Corp. provides elevator and escalator manufacturing, installation and service. Otis Worldwide Corp. is based in Farmington, Connecticut. “

Oxford Biomedica (OTCMKTS:OXBDF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Oxford BioMedica Plc is a gene and cell therapy company which focused on developing life changing treatments for serious diseases. Oxford BioMedica Plc is headquartered in Oxford, the United Kingdom. “

Oyster Point Pharma (NASDAQ:OYST) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Oyster Point Pharma Inc. is a clinical-stage biopharmaceutical company. It is focused on the discovery, development and commercialization of pharmaceutical therapies to treat ocular surface diseases. The company’s lead product candidate, OC-01, is being developed as a nasal spray to treat the signs and symptoms of dry eye disease. Oyster Point Pharma Inc. is based in Princeton, New Jersey. “

Penumbra (NYSE:PEN) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Penumbra, Inc. is an interventional therapies company. It designs, develops, manufactures and markets medical devices. The company’s portfolio of products primarily addresses neuro and peripheral vascular medical conditions and clinical needs. Neuro products include Neurovascular Access, Neuron Access System, BENCHMARK Intracranial Access System, Penumbra System, 3D, Penumbra Coil 400, Penumbra SMART Coil and LIBERTY stent. Peripheral vascular products include Ruby Coil System, Penumbra Occlusion Device and Indigo System. It operates primarily in U.S., Europe, Canada and Australia. Penumbra, Inc. is headquartered in Alameda, California. “

Anaplan (NYSE:PLAN) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Anaplan, Inc. develops and publishes a cloud platform for business applications. The Company offers a platform which allow business users to build and maintain strategic, operational and business planning and performance management. Anaplan, Inc. is based in CA, United States. “

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