This Wix.com Analyst Turns Bearish; Here Are Top 5 Downgrades For Tuesday

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.

• B of A Securities analyst Michael McGovern downgraded Wix.com Ltd. (NASDAQ:WIX) from Buy to Underperform and slashed the price target from $75 to $68. Wix.com closed at $69.75 on Monday. See how other analysts view this stock.
• Wells Fargo analyst Trey Bowers downgraded DraftKings Inc. (NASDAQ:DKNG) from Overweight to Equal-Weight and lowered the price target from $30 to $21. DraftKings shares closed at $18.70 on Monday. See how other analysts view this stock.
• UBS analyst Michael Brown downgraded The Carlyle Group Inc. (NASDAQ:CG) from Buy to Neutral and lowered the price target from $60 to $47. Carlyle closed at $42.31 on Monday. See how other analysts view this stock.
• Jefferies analyst Chris LaFemina downgraded Peabody Energy Corporation (NYSE:BTU) from Buy to Hold and lowered the price target from $30 to $18. Peabody Energy shares closed at $16.03 on Monday. See how other analysts view this stock.
• DA Davidson analyst Kurt Yinger downgraded Trex Company, Inc. (NYSE:TREX) from Buy to Neutral. Trex closed at $54.74 on Monday. See how other analysts view this stock.

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

Photo via Shutterstock