US-China trade war worries caused analysts to bail on these stocks [CNBC]
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Source: CNBC
US-China trade war worries caused analysts to bail on these stocks David Paul Morris | Bloomberg | Getty Images The ramifications of the U.S.- China trade war are being felt far and wide. Now, the dispute is causing Wall Street analysts to take drastic measures and remove their buy ratings on stocks in their coverage universes. Companies feeling the heat cover a wide range of sectors and it appears almost no one is being spared. They include stocks like American Eagle Melco Resorts Duke Realty G-III, Steven Madden China Southern Airlines While the S&P 500 hit an all time high in April, it's now down over 2% this month due to the ongoing trade escalation. The retail sector is one group widely believed to be among the most vulnerable to tariffs, according to many analysts. This week Piper Jaffray decided they had seen enough and downgraded Steven Madden and G-III Apparel over the dispute. "We are downgrading SHOO & GIII from OW to Neutral as tariff rhetoric accelerates across our grou
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