This Purple Innovation Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

• Keybanc analyst Bradley B. Thomas downgraded Purple Innovation Inc (NASDAQ:PRPL) from Overweight to Sector Weight. Purple Innovation shares closed at $0.53 on Tuesday. See how other analysts view this stock.
• Barrington Research analyst Michael Petusky downgraded OPKO Health Inc (NASDAQ:OPK) from Outperform to Market Perform. OPKO Health shares closed at $1.21 on Tuesday. See how other analysts view this stock.
• JP Morgan analyst Drew Levine downgraded Brown-Forman Corp (NYSE:BF.B) from Neutral to Underweight and cut the price target from $27 to $23. Brown-Forman shares closed at $27.73 on Tuesday. See how other analysts view this stock.
• UBS analyst Kaio Prato downgraded MercadoLibre Inc (NASDAQ:MELI) from Buy to Neutral and cut the price target from $2,700 to $2,050. MercadoLibre shares closed at $1,791.99 on Tuesday. See how other analysts view this stock.
• William Blair analyst Jonathan Ho downgraded Rapid7, Inc. (NASDAQ:RPD) from Outperform to Market Perform. Rapid7 shares closed at $5.82 on Tuesday. See how other analysts view this stock.

Considering buying PRPL stock? Here’s what analysts think:

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