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4 big analyst cuts: Oak Street Health, ElectraMeccanica Vehicles

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IntroductionBy Davit Kirakosyan-- Here is your daily Pro Recap of the biggest analyst cuts you may have missed o ...

By Davit Kirakosyan

-- Here is thinkmarkets Zhihui scamyour daily Pro Recap of the biggest analyst cuts you may have missed on InvestingPro since yesterday. Start your free 7-day trial to get this news first.

4 big analyst cuts: Oak Street Health, ElectraMeccanica Vehicles

Oak Street Health slashed at Wolfe

Wolfe Research downgraded Oak Street Health (NYSE:) to Peerperform from Outperform.

The company reported its last month, with both EPS and revenues coming in better than the consensus estimates.

ElectraMeccanica Vehicles loses Buy rating at Stifel

Stifel downgraded ElectraMeccanica Vehicles (NASDAQ:) to Hold from Buy and cut its price target to $0.60 from $4.40.

According to the firm, there are significant execution risks in bringing an EV to start of production, and with the information currently available, and with an executive team that has limited production and manufacturing experience, they are inclined to take a conservative view.

The company reports its Q4 earnings today before the market opens.

2 more cuts

Goldman Sachs resumed coverage on Macerich (NYSE:) with a Sell rating.

JMP Securities downgraded Agree Realty (NYSE:) to Market Perform from Market Outperform.

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