US Top Rating Updates on 8/18: VZ, ADI, BBBY, FSLR and more

Needham analyst Quinn Bolton downgraded $Analog Devices(ADI.US)$ to Hold from Buy after its Q3 results. The company's cancellations increased slightly toward the end of the quarter, the analyst tells investors in a research note, adding that Analod Devices and the semiconductor industry in general is just beginning to see the start of a broader slowdown.

MoffettNathanson analyst Craig Moffett downgraded $Verizon(VZ.US)$ to Underperform from Market Perform with a $41 price target. $AT&T(T.US)$ has accelerated its subscriber growth, but at the cost of repeatedly cutting its free cash flow and dividend coverage forecasts, Moffett tells investors in a research note.

Argus analyst Taylor Conrad initiated coverage of $Carvana(CVNA.US)$ with a Hold rating. The stock is down sharply from its 52-week highs, reflecting both the recent rotation away from growth stocks and the company's inconsistent results, and while the company offers competitive advantages over traditional dealerships in vehicle selection, price, quality, and user experience, it is not yet profitable, the analyst tells investors in a research note.