Equities Research Analysts’ Downgrades for November, 3rd (AZRE, CAR, FWP, GT, HRTG, RICOY, SAL, SANM, SLRC, SMBK)

Equities Research Analysts’ downgrades for Friday, November 3rd:

Azure Power Global (NYSE:AZRE) was downgraded by analysts at BidaskClub from a hold rating to a sell rating.

Avis Budget Group (NASDAQ:CAR) was downgraded by analysts at BidaskClub from a strong-buy rating to a buy rating.

Forward Pharma A/S (NASDAQ:FWP) was downgraded by analysts at BidaskClub from a buy rating to a hold rating.

The Goodyear Tire & Rubber (NASDAQ:GT) was downgraded by analysts at BidaskClub from a hold rating to a sell rating.

Heritage Insurance Holdings (NYSE:HRTG) was downgraded by analysts at BidaskClub from a strong-buy rating to a buy rating.

Ricoh Co (NASDAQ:RICOY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Ricoh Company, Ltd. manufactures and markets office automation equipment. The Company’s business segments are Imaging and Solutions, Industrial Products and Other. Ricoh’s products include copiers, facsimiles, image scanners, printers (MFPs, laser printers and GELJET printers), digital and advanced electronic devices, such as semiconductor devices. The company also provides digital cameras, industrial, medical, and office equipment leasing services, support loans to small businesses and independent medical doctors, and logistics services in the delivery, distribution, and storage of products, such as electronic products, office equipment, and electronic and machinery parts. Ricoh Company, Ltd. is headquartered in Tokyo, Japan. “

Salisbury Bancorp (NASDAQ:SAL) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Salisbury Bancorp, Inc. is a holding company that operates through its wholly owned subsidiary, Salisbury Bank and Trust Company. The Company’s products and services are all of a nature of a commercial bank and trust company. The Bank is a full-service bank offering a range of commercial and personal banking services. The Bank is engaged in the business of attracting deposits from the general public and investing those deposits in residential and commercial real estate, consumer and small business loans. It also offers trust and investment services. The Company operates offices located in Canaan, Lakeville, Salisbury, and Sharon, Connecticut, as well as in Sheffield and South Egremont, Massachusetts, and Dover Plains, New York; and a trust and investment services division in Lakeville, Connecticut. Salisbury Bancorp is headquartered in Lakeville, Connecticut. “

Sanmina Corporation (NASDAQ:SANM) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Sanmina Corporation is engaged in providing electronics contract manufacturing services. It focuses on engineering and fabricating complex components and also on providing complete end-to-end supply chain solutions to Original Equipment Manufacturers. The Company’s services include product design and engineering, including initial development, detailed design, prototyping, validation, preproduction services and manufacturing design release; manufacturing of components, subassemblies and complete systems; final system assembly and test; direct order fulfillment and logistics services, and after-market product service and support. Sanmina Corporation, formerly known as Sanmina-SCI Corp., is based in San Jose, California. “

Solar Capital (NASDAQ:SLRC) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Solar Capital Ltd. is a closed-end investment company that invests primarily in leveraged companies, including middle market companies, in the form of senior secured loans, mezzanine loans, and equity securities. “

SmartFinancial (NASDAQ:SMBK) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “SmartFinancial, Inc. is a bank holding company which provide banking services to individuals and corporate through its subsidiaries SmartBank and Cornerstone Community Bank. It offers deposit products, loan products, e-banking services consisting of online bill payments, smart pay, e-statements, mobile banking as well as debit and credit cards. SmartFinancial, Inc. is based in Knoxville, Tennessee. “

Vista Outdoor (NYSE:VSTO) was downgraded by analysts at BidaskClub from a hold rating to a sell rating.

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