---
title: "This Purple Innovation Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284588215.md"
description: "Wall Street analysts have downgraded several stocks, including Purple Innovation (PRPL) from Overweight to Sector Weight, OPKO Health (OPK) from Outperform to Market Perform, Brown-Forman (BF.B) from Neutral to Underweight with a price target cut from $27 to $23, MercadoLibre (MELI) from Buy to Neutral with a price target reduction from $2,700 to $2,050, and Rapid7 (RPD) from Outperform to Market Perform. Analysts provided insights on these changes, reflecting a shift in market sentiment."
datetime: "2026-04-29T13:46:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284588215.md)
  - [en](https://longbridge.com/en/news/284588215.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284588215.md)
---

# This Purple Innovation Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

-   Keybanc analyst Bradley B. Thomas downgraded **Purple Innovation Inc** (NASDAQ:PRPL) from Overweight to Sector Weight. Purple Innovation shares closed at $0.53 on Tuesday. See how other analysts view this stock.
-   Barrington Research analyst Michael Petusky downgraded **OPKO Health Inc** (NASDAQ:OPK) from Outperform to Market Perform. OPKO Health shares closed at $1.21 on Tuesday. See how other analysts view this stock.
-   JP Morgan analyst Drew Levine downgraded **Brown-Forman Corp** (NYSE:BF.B) from Neutral to Underweight and cut the price target from $27 to $23. Brown-Forman shares closed at $27.73 on Tuesday. See how other analysts view this stock.
-   UBS analyst Kaio Prato downgraded **MercadoLibre Inc** (NASDAQ:MELI) from Buy to Neutral and cut the price target from $2,700 to $2,050. MercadoLibre shares closed at $1,791.99 on Tuesday. See how other analysts view this stock.
-   William Blair analyst Jonathan Ho downgraded **Rapid7, Inc.** (NASDAQ:RPD) from Outperform to Market Perform. Rapid7 shares closed at $5.82 on Tuesday. See how other analysts view this stock.

Considering buying PRPL stock? Here’s what analysts think:

_Photo via Shutterstock_

### Related Stocks

- [RPD.US](https://longbridge.com/en/quote/RPD.US.md)
- [PRPL.US](https://longbridge.com/en/quote/PRPL.US.md)
- [MELI.US](https://longbridge.com/en/quote/MELI.US.md)
- [OPK.US](https://longbridge.com/en/quote/OPK.US.md)
- [BF.B.US](https://longbridge.com/en/quote/BF.B.US.md)
- [BF.A.US](https://longbridge.com/en/quote/BF.A.US.md)

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