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Analysts are now starting to downgrade some stocks because of the coronavirus

January 27, 2020

Via: CNBC

The Chinese coronavirus is forcing Wall Street to turn sour on certain stocks.

Bank of America downgraded shares of Wynn Resorts to neutral from buy and Oppenheimer downgraded shares of cosmetic company Estée Lauder to perform from outperform on heightened fear about the spreading deadly virus. Shares of the hotel chain fell 6% and shares of the skincare company ticked more than 3% lower in premarket trading on Monday.

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