Benzinga's Top Downgrades

Federated Investors Inc (NYSE: FII) was downgraded by Citigroup from "hold" to "sell." FII's shares closed at $18.46 yesterday. Federated Investors' trailing-twelve-month ROA is 15.30%.

Wunderlich Securities downgraded Walt Disney Company (The) (NYSE: DIS) from “buy” to “hold.” DIS's stock closed at $34.70 yesterday. Walt Disney's trailing-twelve-month profit margin is 11.15%.

Bank of America downgraded Ener1 (NASDAQ: HEV) from “buy” to “underperform.” HEV's shares closed at $0.83 yesterday. Ener1's trailing-twelve-month ROE is -110.94%.

FBR Capital downgraded Frontline Ltd (NYSE: FRO) from “outperform” to “perform.” FRO's shares closed at $7.96 yesterday. Frontline's PEG ratio is -1.69.