By Davit Kirakosyan
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Dollar General, Chegg, AMC Networks, and Duolingo.
InvestingPro subscribers got this news in rapid fire. Never be left in the dust again.
Dollar General gets two more downgrades
Dollar General (NYSE:DG) was downgraded at two Wall Street firms after the company reported its Q1 earnings last week, with both EPS and revenues coming in worse than the consensus estimates.
Wells Fargo downgraded the company to Equal Weight from Overweight and cut its price target to $165.00 from $178.00. Meanwhile, Daiwa Securities downgraded to Neutral from Outperform.
The company was downgraded to Equalweight from Overweight by Morgan Stanley on Monday.
GitLab cut to Buy from Strong Buy
CFRA downgraded Gitlab (NASDAQ:GTLB) to Buy from Strong Buy while raising its price target to $52.00 from $49.00, as InvestingPro reported in real time.
Shares jumped more than 31% yesterday after the company reported better-than-expected Q1 earnings and guidance and announced plans to launch a revenue-boosting AI-powered product.
2 more downgrades
Barrington Research downgraded Chegg (NYSE:CHGG) to Market Perform from Outperform. Shares fell more than 1% pre-market today.
Duolingo (NASDAQ:DUOL) shares fell nearly 2% pre-market today after JMP Securities downgraded the company to Market Perform from Market Outperform.
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