Benzinga's Top Downgrades

Analysts at Jefferies & Company downgraded Avon Products Inc (NYSE: AVP) from “buy” to “hold.” AVP's shares closed at $18.28 yesterday. Avon Products' trailing-twelve-month profit margin is 6.51%.

Ticonderoga downgraded Legg Mason Inc (NYSE: LM) from “neutral” to “sell.” LM's shares closed at $27.50 yesterday. Legg Mason's trailing-twelve-month profit margin is 8.76%.

Analysts at JP Morgan downgraded Tornier NV (NASDAQ: TRNX) from “overweight” to “neutral.” TRNX's shares closed at $23.24 yesterday. Tornier's PEG ratio is -1.84.

Analysts at Jefferies & Company downgraded Tanger Factory Outlet Centers Inc (NYSE: SKT) from “buy” to “hold.” SKT's shares closed at $28.16 yesterday. SKT's trailing-twelve-month ROA is 4.59%.