Investment Analysts’ Downgrades for May 2nd (AFM, AMBC, ASTE, BELFB, CDNS, CVS, ENV, ETSY, FLEX, FRSH)

Investment Analysts’ downgrades for Thursday, May 2nd:

Alpha Financial Markets Consulting (LON:AFM) was downgraded by analysts at Royal Bank of Canada to a sector perform rating. They currently have GBX 465 ($5.84) price target on the stock, up from their previous price target of GBX 420 ($5.28).

Ambac Financial Group (NYSE:AMBC) was downgraded by analysts at StockNews.com from a hold rating to a sell rating.

Astec Industries (NASDAQ:ASTE) was downgraded by analysts at Stifel Nicolaus from a buy rating to a hold rating. They currently have $37.00 price target on the stock, down from their previous price target of $47.00.

Bel Fuse (NASDAQ:BELFB) was downgraded by analysts at Northland Securities from an outperform rating to a market perform rating. The firm currently has $63.00 price target on the stock.

Cadence Design Systems (NASDAQ:CDNS) was downgraded by analysts at StockNews.com from a buy rating to a hold rating.

CVS Health (NYSE:CVS) was downgraded by analysts at UBS Group AG from a buy rating to a neutral rating. They currently have $60.00 price target on the stock, down from their previous price target of $85.00.

Envestnet (NYSE:ENV) was downgraded by analysts at StockNews.com from a hold rating to a sell rating.

Etsy (NASDAQ:ETSY) was downgraded by analysts at Loop Capital from a hold rating to a sell rating. The firm currently has $50.00 price target on the stock, down from their previous price target of $70.00.

Etsy (NASDAQ:ETSY) was downgraded by analysts at JMP Securities from an outperform rating to a market perform rating.

Flex (NASDAQ:FLEX) was downgraded by analysts at Craig Hallum from a buy rating to a hold rating. They currently have $27.00 price target on the stock, down from their previous price target of $28.00.

Freshworks (NASDAQ:FRSH) was downgraded by analysts at Robert W. Baird from an outperform rating to a neutral rating. The firm currently has $16.00 target price on the stock, down from their previous target price of $28.00.

Freshworks (NASDAQ:FRSH) was downgraded by analysts at Oppenheimer Holdings Inc. from an outperform rating to a market perform rating.

Fastly (NYSE:FSLY) was downgraded by analysts at Bank of America Co. from a buy rating to an underperform rating. Bank of America Co. currently has $8.00 target price on the stock, down from their previous target price of $18.00.

Fastly (NYSE:FSLY) was downgraded by analysts at DA Davidson from a buy rating to a neutral rating. The firm currently has $8.50 price target on the stock, down from their previous price target of $24.00.

Green Dot (NYSE:GDOT) was downgraded by analysts at StockNews.com from a hold rating to a sell rating.

GMS (NYSE:GMS) was downgraded by analysts at StockNews.com from a strong-buy rating to a buy rating.

Global Payments (NYSE:GPN) was downgraded by analysts at StockNews.com from a buy rating to a hold rating.

Hudson Technologies (NASDAQ:HDSN) was downgraded by analysts at Canaccord Genuity Group Inc. from a buy rating to a hold rating. Canaccord Genuity Group Inc. currently has $10.00 price target on the stock, down from their previous price target of $15.00.

Honeywell International (NASDAQ:HON) was downgraded by analysts at StockNews.com from a buy rating to a hold rating.

Herc (NYSE:HRI) was downgraded by analysts at StockNews.com from a buy rating to a hold rating.

Dorian LPG (NYSE:LPG) was downgraded by analysts at StockNews.com from a buy rating to a hold rating.

Metagenomi (NASDAQ:MGX) was downgraded by analysts at JPMorgan Chase & Co. from an overweight rating to a neutral rating. They currently have $6.00 price target on the stock, down from their previous price target of $16.00.

Plains All American Pipeline (NYSE:PAA) was downgraded by analysts at StockNews.com from a strong-buy rating to a buy rating.

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by analysts at StockNews.com from a hold rating to a sell rating.

Polaris (NYSE:PII) was downgraded by analysts at StockNews.com from a buy rating to a hold rating.

PPL (NYSE:PPL) was downgraded by analysts at StockNews.com from a hold rating to a sell rating.

Radius Recycling (NASDAQ:RDUS) was downgraded by analysts at StockNews.com from a hold rating to a sell rating.

Spire (NYSE:SR) was downgraded by analysts at Mizuho from a buy rating to a neutral rating. They currently have $62.00 target price on the stock, down from their previous target price of $64.00.

Simpson Manufacturing (NYSE:SSD) was downgraded by analysts at StockNews.com from a buy rating to a hold rating.

Ultralife (NASDAQ:ULBI) was downgraded by analysts at StockNews.com from a strong-buy rating to a buy rating.

Wolfspeed (NYSE:WOLF) was downgraded by analysts at William Blair from an outperform rating to a market perform rating.

Wolfspeed (NYSE:WOLF) was downgraded by analysts at TD Cowen from a buy rating to a hold rating. They currently have $25.00 target price on the stock, down from their previous target price of $40.00.