Benzinga's Top Downgrades

Analysts at Jefferies downgraded Johnson & Johnson (NYSE: 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 (NYSE: 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 (NASDAQ: 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 (NYSE: CAT) from “overweight” to “neutral.” Caterpillar's shares closed at $84.95 on Friday. Caterpillar's PEG ratio is 0.66.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.