This Best Buy Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Tuesday
Analysts downgraded BioNTech, Gulfport Energy, Amgen and Best Buy; price targets fell for BioNTech and Gulfport.
Stocks · News reference
Find out what's open and closed on Labor Day, Sept. 7. Stock markets, banks, and mail are closed, but most stores and restaurants stay open.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Analysts downgraded BioNTech, Gulfport Energy, Amgen and Best Buy; price targets fell for BioNTech and Gulfport.
DA Davidson analyst Michael Baker downgrades Best Buy Co (NYSE:BBY) from Buy to Neutral and maintains the price target from $95 to $95.
Filed: 2026-09-08 AccNo: 0001104659-26-105906 Size: 186 KB Item 8.01: Other Events
Chipotle Mexican Grill (CMG) declined 2.47% to $37.57 while broader markets gained, underperforming the S&P 500's 1.06% rise. Despite a strong monthly gain of 11.65%, the stock trades at a premium valuation with a Forward P/E of 33.63 versus the industry average of 21.36. Upcoming Q3 earnings on October 28, 2026 are expected to show flat EPS at $0.29 but revenue growth of 9.35% year-over-year. CMG holds a Zacks Rank of #3 (Hold).
CAVA Group is experiencing strong performance from its newer restaurant locations, with its 2024 cohort generating double-digit same-store sales and representing its highest-performing vintage. The company ended Q2 2026 with 476 restaurants and new unit productivity above 100%, supporting its target of 75-77 net new restaurants in 2026. Meanwhile, competitors Chipotle and Sweetgreen are taking different expansion approaches, with Chipotle maintaining aggressive growth and Sweetgreen adopting a more conservative strategy.