Benzinga's Top Downgrades

Analysts at Jefferies downgraded Johnson & Johnson JNJ from “buy” to “hold.” Johnson & Johnson's shares closed at $69.87 on Friday. Johnson & Johnson's trailing-twelve-month profit margin is 12.90%. Analysts at Credit Suisse downgraded J. C. Penney Company JCP from “neutral” to “underperform.” J. C. Penney's shares closed at $20.64 on Friday. J. C. Penney's trailing-twelve-month ROE is -8.73%. Analysts at Goldman Sachs downgraded Garmin Ltd GRMN from “neutral” to “sell.” Garmin's shares closed at $37.01 on Friday. Garmin's trailing-twelve-month ROA is 9.42%. JP Morgan downgraded Caterpillar CAT from “overweight” to “neutral.” Caterpillar's shares closed at $84.95 on Friday. Caterpillar's PEG ratio is 0.66.