Benzinga's Top Downgrades (AWR, NAVG, PDM, EE)
American States Water Company (NYSE: AWR) was downgraded by Janney Capital from "buy" to "neutral." AWR's shares closed at $35.43 yesterday. AWR's PEG ratio is 2.35.
Macquarie downgraded The Navigators Group Inc (NASDAQ: NAVG) from "outperform" to "neutral." NAVG's stock closed at $51.10 yesterday. Navigators' trailing-twelve-month ROE is 7.01%.
Stifel Nicolaus downgraded Piedmont Office Realty Trust Inc (NYSE: PDM) from "hold" to "sell." PDM's shares closed at $20.15 yesterday. PDM's PEG ratio is 12.04.
El Paso Electric Company (NYSE: EE) was downgraded by Jefferies from "buy" to "hold." EE's shares closed at $28.43 yesterday. EE's trailing-twelve-month ROA is 4.66%.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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