Today's most important downgrades By Investing.com

South Africa 40 Cash Index Testing Resistance, Large Cash Adjustment Expected

Today's most important downgrades

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LBTYA

+1.06%

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NTAP

+2.09%

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IMO

+2.81%

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-11.54%

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By Davit Kirakosyan

Silvergate Capital (NYSE:SI) shares plunged more than 8% today after Morgan Stanley downgraded the company to Underweight from Equal-weight with a price target of $24.00, noting it has given up any near-term hope for the company in the wake of the FTX collapse. The analysts expect the company's digital deposits to fall 60% quarter-over-quarter in Q4.

Loop Capital downgraded NetApp (NASDAQ:NTAP) to Hold from Buy and lowered its price target to $67.00 from $100.00. Shares were down more than 2% today.

JPMorgan downgraded Imperial Oil Limited (NYSE:IMO) to Underweight from Neutral. Shares plunged more than 4% today.

BofA Securities downgraded Liberty Global (NASDAQ:LBTYA) to Neutral from Buy and cut its price target to $23.60 from $33.30.

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South Africa Top 40	70,864.87	+419.96	+0.60%
S. Africa 40 Futures	71,600	+535	+0.75%
US 30	32,691.7	-25.9	-0.08%
US 500	4,024.7	-3.1	-0.08%
US Tech 100	12,828.0	-18.0	-0.14%
DAX Futures	15,510.5	-4.5	-0.03%
Dollar Index	102.305	+0.199	+0.19%

Gold	1,982.15	-0.85	-0.04%
Silver	23.440	-0.028	-0.12%
Crude Oil WTI	72.83	+0.04	+0.05%
Brent Oil	77.53	-0.61	-0.78%
Natural Gas	2.178	-0.005	-0.23%
Copper	4.0777	-0.0053	-0.13%
US Corn	650.75	+4.75	+0.74%

USD/ZAR	18.1025	+0.0030	+0.02%
EUR/USD	1.0847	+0.0004	+0.04%
GBP/USD	1.2313	+0.0002	+0.02%
USD/JPY	132.65	-0.18	-0.14%
GBP/JPY	163.34	-0.20	-0.12%
USD/CAD	1.3560	+0.0005	+0.04%
AUD/USD	0.6686	+0.0003	+0.04%

Steinhoff	24	-3	-11.11%
MTN	12,958	+176	+1.38%
Standard Bank	17,429	-77	-0.44%
FirstRand Ltd	6,075	-152	-2.44%
BHP Group Ltd	50,000	+0	+0.00%
African Rainbow Minerals	23,626	-1178	-4.75%
Naspers	333,917	+6791	+2.08%

Today's most important downgrades

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