Analysts Are Downgrading These 5 Stocks on Friday

3. PetIQ, Inc. (NASDAQ:PETQ) was downgraded from an Outperform to a Perform rating by Rupesh Parikh at Oppenheimer. The analyst anticipates the company’s product segment to continue its momentum. However, PetIQ, Inc. (NASDAQ:PETQ) is expected to face pressure due to ongoing staff shortages. Moreover, Parikh thinks that the analysts’ estimates are too aggressive and could be challenging for PetIQ, Inc. (NASDAQ:PETQ) to meet in the near future.

PetIQ, Inc. (NASDAQ:PETQ) was held by 13 hedge funds, with a combined value of $66.78 million, as of Q4 2021.