Sell Alert: 10 Stocks Analysts Downgraded on Thursday

8. General Mills (NYSE:GIS)

Average Upside Potential: 5%

Number of Hedge Fund Holders: 46

Piper Sandler downgraded General Mills to Neutral from Overweight on November 12 and trimmed its price target to $35 from $41, warning that the dividend could be at risk. That matters because the stock yields about 7.2%.

General Mills sells Cheerios, Nature Valley, Blue Buffalo pet food, Pillsbury and Häagen-Dazs. In the first quarter of fiscal 2027, which ended August 30 and was reported on September 23, net sales fell 3% to $4.4 billion and adjusted earnings per share dropped 13% in constant currency.

Management reaffirmed its fiscal 2027 outlook: organic net sales between a decline of 1.5% and growth of 0.5%, adjusted operating profit down 13% to down 8% in constant currency, and adjusted earnings of $3.00 to $3.20 per share.

On November 10, the company announced a new operating model that takes effect on January 1, 2027, grouping its business into Cereal, Snacks & International; Meals & Baking Solutions; and Pet. General Mills is expected to report second-quarter results in December 2026 under the current structure. The turnaround case, and the doubts around it, are laid out in our piece on why Wall Street still sees a long road ahead.

7. ConocoPhillips (NYSE:COP)

Average Upside Potential: 8%

Number of Hedge Fund Holders: 66

Bernstein moved ConocoPhillips to Market Perform from Outperform on November 12 and cut its price target to $122 from $129. The firm’s concern is that easing tensions with Iran could push oil prices lower.

ConocoPhillips is one of the largest independent oil and gas producers. In the third quarter of 2026, reported on November 5, it earned $3.34 per share, or $3.27 adjusted, and generated $7.2 billion of cash from operations. Its average realized price rose 32% to $61.40 per barrel of oil equivalent, yet production fell by 97 thousand barrels of oil equivalent per day.

The company returned $3.4 billion to shareholders in the third quarter, including $2.4 billion of share repurchases and $1.0 billion of ordinary dividends, and it raised the quarterly dividend 11% to $0.93 per share. For the fourth quarter, it guided production to 2.32 million to 2.36 million barrels of oil equivalent per day and left full-year capital spending and adjusted operating cost guidance unchanged.

Chief Executive Officer Andy O’Brien said the company remains on track for a $7 billion free cash flow inflection by 2029. The shares trade at about 12.8 times forward earnings. Income investors can start with our look at the dividend and the story beyond it.

6. DoubleDown Interactive (NASDAQ:DDI)

Average Upside Potential: 10%

Number of Hedge Fund Holders: 11

Roth Capital and Macquarie both moved DoubleDown Interactive to Neutral on November 12, a day after its quarterly report, and each set a price target of $16.25. That matches the cash price its controlling shareholder, DoubleU Games, is offering for every ADS in a tender offer that began on November 10.

DoubleDown makes social casino games for mobile and web players. In the third quarter of 2026, reported on November 11, revenue slipped 1.6% to $94.3 million and net income fell 43.9% to $18.4 million, or $7.41 per common share against $13.21 a year earlier. Social casino revenue was $76.8 million, down 3.5%, but direct-to-consumer sales jumped to $44.6 million from $16.6 million and now make up 58.0% of that segment. iGaming revenue rose 7.4% to $17.4 million.

DoubleU Games owns about 67.05% of the shares. The tender is subject to a minimum tender condition and a majority-of-the-minority condition, and a special committee of independent directors unanimously recommended that ADS holders tender.

The company ended the third quarter with $483.4 million in cash. Our coverage of how earnings jumped while the takeover offer was still unresolved shows how the story got here.

5. Toyota Motor (NYSE:TM)

Average Upside Potential: 13%

Number of Hedge Fund Holders: 18

Freedom Broker cut Toyota’s ADR to Hold from Buy on November 12 and set a $230 price target. In the second quarter of fiscal 2027, which ended September 30 and was reported on November 5, operating income rose to 1,127.6 billion yen from 839.5 billion yen a year earlier. Net income attributable to the company fell to 759.4 billion yen from 932.0 billion yen.

The revised full-year forecast is where the optimism lies. Toyota now expects operating income of ¥3.90 trillion, up from ¥3.40 trillion, and net income attributable to the company of ¥3.57 trillion. Sales revenues were trimmed to ¥53.50 trillion from ¥54.00 trillion, and Toyota and Lexus sales were cut by 200,000 vehicles to 10.3 million. The company credited foreign exchange, marketing efforts and reduced tariff-related costs. It forecasts a full-year dividend of 100 yen per share.

On November 10, Toyota Motor North America introduced Scion by Toyota, a new brand whose first vehicle, the KEI-01 ultra-compact utility truck, will be assembled in Indiana starting in the second half of 2027. Where the money goes is the focus of our piece on Toyota’s $6.4 billion factory spending.