DECELERATING REVENUE: BofA analyst Michael McGovern downgraded ContextLogic ($WISH) to Underperform from Neutral with a $6.00 price target. The analyst cites the company's Q2 top-line miss as revenue declined 7% from last year and came in 9% below consensus. The quarter's monthly active users were also 12% below the Street while Active Buyers were 21% below, McGovern adds. Oppenheimer analyst Jason Helfstein downgraded ContextLogic to Perform from Outperform and withdrew his price target, tells investors in a research note that Q2 results highlighted structural headwinds that could hinder growth for several quarters. The analyst says management is facing a "tough" situation with an increase in digital ad costs increasing customer acquisition costs to an unprofitable level, while customer retention has declined significantly.JPMorgan analyst Doug Anmuth also downgraded ContextLogic to Underweight from Overweight with a price target of $5, down from $17, telling investors that the company's Q2 results and Q3 outlook "suggest more significant damage to the business model." He thinks the new product strategy could take "many quarters" to materialize and he sees considerable execution risk, the analyst added. Cowen analyst John Blackledge downgraded ContextLogic to Market Perform from Outperform with a price target of $10, down from $18, after the company reported Q2 revenue, margins and EBITDA that missed expectations. The company's Q3 outlook implies revenue could decline 35% sequentially as the business trajectory has softened, noted Blackledge, who has "materially" lowered his long-term estimates for sales and EBITDA.William Blair analyst Ralph Schackart downgraded ContextLogic to Market Perform from Outperform and noted that the company has reported results across key engagement metrics that have missed Street expectations for three consecutive quarters since its IPO, noted Schackart, who does not see good visibility and has concerns about the company's "unclear strategic shift" to add more globally recognized brands to its platform. In addition, analysts at Oppenheimer and Cowen cut their ratings on ContextLogic following the company's quarterly report.PRESSURED GROWTH: Wells Fargo analyst Elyse Greenspan downgraded Root ($ROOT) to Equal Weight from Overweight with a price target of $7, down from $16. Along with Q2 earnings, Root revised its annual guidance down and does not expect to see top-line growth in 2022 either, noted the analyst. Greenspan has an incrementally more cautious view on the personal lines market, argues that Root pulling back on advertising should have a negative impact on growth and has concerns about the loss trend in general "getting worse before it gets better."SUSTAINABLE IMPROVEMENT: Barclays analyst Ramsey El-Assal upgraded Upstart ($UPST) to Overweight from Equal Weight with a price target of $230, up from $130. He now believes that improvements in conversion rate, top-of-funnel acquisition, and margins are more sustainable than he'd previously thought given the company's " continued impressive performance," El-Assal tells investors. He also sees upside potential from the auto vertical and a credit environment normalization, the analyst added.TOP PICKS LIST: Evercore ISI analyst C.J. Muse is adding Applied Materials ($AMAT) to his Top Picks list for Semiconductor Process Equipment, given the recent pullback in shares and "a solid beat and raise" he sees coming from the company when it reports earnings. He maintains an Outperform rating and $175 price target on Applied Materials shares. In the same note, Muse removed Micron ($MU) from his Top Picks list.IPHONE SALES REBOUND: JPMorgan analyst Samik Chatterjee noted that the China Academy of Information and Communications Technology disclosed that international brand mobile phone shipments, a proxy for Apple ($AAPL) shipments, rebounded in July and were back to the historical average levels of 2.8M following a weak June. The international shipments for July showed a 75% year-over-year increase following a 15% year-over-year decline in the previous month, noted Chatterjee, who added that a comparison of the trends between Apple and industry volumes indicates that Apple continues to gain share in China. The analyst maintains an Overweight rating on Apple shares.Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. .