Benzinga's Top Downgrades

Credit Suisse downgraded Southern Company SO from “outperform” to “neutral.” SO's shares closed at $47.38 on Friday. Southern Company's PEG ratio is 3.20. Dahlman Rose downgraded AK Steel Holding Corporation AKS from “buy” to “hold.” AKS's stock closed at $5.80 on Friday. AK Steel's trailing-twelve-month ROE is -35.65%. Evercore Partners downgraded Progressive Corp PGR from “equal weight” to “underweight.” PGR's shares closed at $21.90 on Friday. Progressive had $1.68 billion in total cash for the latest quarter. HSBC downgraded Agnico-Eagle Mines Ltd AEM from “overweight” to “neutral.” AEM's shares closed at $40.17 on Friday. Agnico-Eagle Mines' trailing-twelve-month operating margin is -35.55%.