Benzinga's Top Downgrades

Analysts at Credit Suisse downgraded Intercontinental Hotels Group plc IHG from “outperform” to “neutral.” Intercontinental Hotels' shares closed at $26.65 yesterday. Intercontinental Hotels' trailing-twelve-month ROA is 11.74%. Analysts at FBR Capital downgraded Freeport-McMoRan Copper & Gold FCX from “outperform” to “market perform.” Freeport-McMoRan's shares closed at $32.16 yesterday. Freeport-McMoRan's trailing-twelve-month profit margin is 16.64%. Analysts at Oppenheimer downgraded AutoZone AZO from “outperform” to “perform.” AutoZone's shares closed at $360.27 yesterday. AutoZone's PEG ratio is 0.86. BBT Capital downgraded Ascena Retail Group ASNA from “buy” to “hold.” Ascena Retail's shares closed at $19.79 yesterday. Ascena Retail's trailing-twelve-month ROE is 13.75%.