Benzinga’s Top Downgrades (SJM, VQ, ITRI, DLR)
JM Smucker Company (NYSE: SJM) was downgraded by Jefferies from “buy” to “hold.” SJM’s shares closed at $61.43 on Friday. JM Smucker’s 52-week trading range is $47.82 - $63.75.
Wells Fargo Securities downgraded Venoco Inc (NYSE: VQ) from “outperform” to “market perform.” VQ’s shares closed at $18.82 on Friday. Venoco’s earnings have fallen 19.38% over the past 5 years.
Macquarie downgraded Itron Inc (NASDAQ: ITRI) from “neutral” to “underperform.” ITRI’s stock closed at $65.07 on Friday. Itron’s earnings may fall by 110.30% this year.
Digital Realty Trust Inc (NYSE: DLR) was downgraded by Credit Suisse from “outperform” to “neutral.” DLR’s shares closed at $63.22 on Friday. Digital Realty Trust’s quarterly earnings dipped 18.07% y/y.
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