Honest Company downgraded to Underweight from Overweight at JPMorgan

JPMorgan analyst Andrea Teixeira double downgraded Honest Company (HNST) to Underweight from Overweight without a price target The firm adjusted ratings in the beverage, household and personal care products group as part of its Q4 earnings preview. Honest Company faces heightened competitive pressure on diapers, which requiem increased promotions, the analyst tells investors in a research note. JPMorgan adds that the company recently announced a productivity program that includes exiting lower margin, non-strategic categories.