Latest ASX stocks to be hit by a broker downgrade // Motley Fool Australia

The market is extending its rally following the US presidential elections, but brokers have downgraded some ASX stocks to the naughty list.

The S&P/ASX 200 Index (Index:^AXJO) jumped a further 1.6% as we head into the close with every sector trading in the black.

But one stock that’s heading in the opposite direction is the Ramsay Health Care Limited Fully Paid Ord. Shrs (ASX: RHC) share price.

Second wave prompts downgrade of ASX stocks

Shares in the hospital operator tanked 2.9% to $67.48 at the time of writing after Credit Suisse downgraded the stock to “neutral” from “outperform”.

You can blame COVID‐19 for the underperformance, even though the pandemic should be less of a concern with a potential vaccine just around…