Benzinga’s Top Downgrades (CKR, IVZ, PWR, CPL, BSMD)
CKE Restaurants (NYSE: CKR) was downgraded by Roth Capital from “hold” to “sell.” CKR’s shares closed at $12.29 yesterday. CKE Restaurants’ quarterly sales fell by 4.80%.
Ticonderoga downgraded Invesco Plc (NYSE: IVZ) from “buy” to “hold.” IVZ’s shares closed at $18.41 yesterday. Invesco’s earnings are likely to fall by 36.92% this year.
Goldman Sachs downgraded Quanta Services Inc (NYSE: PWR) from “buy” to “neutral.” PWR’s stock closed at $20.66 yesterday. Quanta Services’ EPS may fall 7.31% this year.
CPFL Energia SA (NYSE: CPL) has been downgraded by Goldman from “buy” to “neutral.” CPL closed at $60.29 yesterday. The 52-week trading range for CPFL Energia is $45.75-$66.49.
BioSphere Medical Inc (NASDAQ: BSMD) has been downgraded by Stephens from “overweight” to “equal weight.” BSMD’s shares closed at $4.32 yesterday. BioSphere Medical’s trailing-twelve-month ROE is -20.75%.
