Analysts Are Downgrading These 5 Stocks on Friday

Page 1 of 5

In this article, we take a look at five stocks that are being downgraded today. If you want to take a look at some more stocks that analysts are downgrading on Friday and the latest market situation, go to Analysts Are Downgrading These 10 Stocks on Friday.

5. Atmos Energy Corporation (NYSE:ATO) was downgraded from a Buy to a Neutral rating by Insoo Kim at Goldman Sachs. The analyst maintained a target price of $113 on Atmos Energy Corporation (NYSE:ATO), reflecting a potential upside of less than 1% from Thursday’s close. Kim stated that Atmos Energy Corporation (NYSE:ATO) is a pure-play in gas transmission and could be under pressure due to higher gas delivery costs. The rise in expenses could limit Atmos Energy Corporation’s (NYSE:ATO) ability to expand further. However, the analyst continues to see the Dallas, Texas-based utility company as a premium regulated company with the best-forecasted EPS growth among its competitors.

As of Q4 2021, Atmos Energy Corporation (NYSE:ATO) was held by 20 hedge funds.

Page 1 of 5