Investment Analysts’ Downgrades for September 23rd (ADI, AZUL, E, FDMT, FMX, GM, MCHP, MCO, MSFT, NR)

Investment Analysts’ downgrades for Monday, September 23rd:

Analog Devices (NASDAQ:ADI) was downgraded by analysts at Truist Financial Co. from a buy rating to a hold rating. The firm currently has $233.00 price target on the stock, down from their previous price target of $266.00.

Azul (NYSE:AZUL) was downgraded by analysts at The Goldman Sachs Group, Inc. from a buy rating to a neutral rating. The firm currently has $4.00 price target on the stock, down from their previous price target of $6.70.

ENI (NYSE:E) was downgraded by analysts at Sanford C. Bernstein from an outperform rating to a market perform rating.

4D Molecular Therapeutics (NASDAQ:FDMT) was downgraded by analysts at Cantor Fitzgerald from an overweight rating to a neutral rating.

Fomento Económico Mexicano (NYSE:FMX) was downgraded by analysts at JPMorgan Chase & Co. from an overweight rating to a neutral rating. JPMorgan Chase & Co. currently has $109.00 target price on the stock, up from their previous target price of $104.00.

General Motors (NYSE:GM) (TSE:GMM.U) was downgraded by analysts at Sanford C. Bernstein from an outperform rating to a market perform rating. They currently have $53.00 price target on the stock.

Microchip Technology (NASDAQ:MCHP) was downgraded by analysts at Truist Financial Co. from a buy rating to a hold rating. The firm currently has $80.00 target price on the stock, down from their previous target price of $89.00.

Moody’s (NYSE:MCO) was downgraded by analysts at Raymond James from a market perform rating to an underperform rating.

Microsoft (NASDAQ:MSFT) was downgraded by analysts at DA Davidson from a buy rating to a neutral rating. DA Davidson currently has $475.00 target price on the stock.

Newpark Resources (NYSE:NR) was downgraded by analysts at StockNews.com from a buy rating to a hold rating.

Palantir Technologies (NYSE:PLTR) was downgraded by analysts at Raymond James from an outperform rating to a market perform rating.

S&P Global (NYSE:SPGI) was downgraded by analysts at Raymond James from an outperform rating to a market perform rating.

Tecnoglass (NASDAQ:TGLS) was downgraded by analysts at B. Riley from a buy rating to a neutral rating. They currently have $69.00 target price on the stock, up from their previous target price of $60.00.

Ulta Beauty (NASDAQ:ULTA) was downgraded by analysts at TD Cowen from a buy rating to a hold rating. TD Cowen currently has $395.00 target price on the stock.

Ermenegildo Zegna (NYSE:ZGN) was downgraded by analysts at Bank of America Co. from a buy rating to a neutral rating. Bank of America Co. currently has $9.80 target price on the stock, down from their previous target price of $13.00.