WS #15128
Citi initiated a wave of downgrades, moving Moderna to Sell citing 'unjustifiable' valuation after its recent surge, and downgrading Dow Chemical and LyondellBasell to Neutral as the chemical sector faces margin pressure. Morgan Stanley also lowered its price target for Ferrari. These moves reflect a broader analyst caution on overvalued growth names and cyclical industrials facing macro headwinds, potentially capping upside in these specific names.
Analyst Downgrades
Citi initiated a wave of downgrades, moving Moderna to Sell citing 'unjustifiable' valuation after its recent surge, and downgrading Dow Chemical and LyondellBasell to Neutral as the chemical sector faces margin pressure. Morgan Stanley also lowered its price target for Ferrari. These moves reflect a broader analyst caution on overvalued growth names and cyclical industrials facing macro headwinds, potentially capping upside in these specific names.