Benzinga's Top Downgrades

Analysts at Goldman Sachs downgraded Ultimate Software Group (NASDAQ: ULTI) from “buy” to “neutral.” The target price for Ultimate Software is set to $105. Ultimate Software's shares closed at $97.06 yesterday.

Analysts at Jefferies downgraded Finisar (NASDAQ: FNSR) from “hold” to “underperform.” The target price for Finisar has been lowered from $14 to $7.50. Finisar's shares closed at $15.58 yesterday.

Analysts at Wells Fargo downgraded MGM Resorts International (NYSE: MGM) from “outperform” to “market perform.” Wells Fargo has a $10-$14 price target range for MGM Resorts. MGM Resorts' shares closed at $12.96 yesterday.

RW Baird downgraded Visa (NYSE: V) from “outperform” to “neutral.” The target price for Visa is set to $165. Visa's shares closed at $159.88 yesterday.

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