Benzinga's Top Downgrades
Analysts at Piper Jaffray downgraded VeriFone Systems (NYSE: PAY) from “overweight” to “neutral.” The target price for VeriFone has been lowered from $42 to $24. VeriFone's shares closed at $31.89 yesterday.
Analysts at Jefferies downgraded Heckmann (NYSE: HEK) from “buy” to “hold.” The target price for Heckmann has been lowered from $5.50 to $4.50. Heckmann's shares closed at $3.68 yesterday.
Analysts at UBS downgraded Spectra Energy Partners LP (NYSE: SEP) from “buy” to “neutral.” The target price for Spectra Energy Partners has been raised from $33 to $37.50. Spectra Energy Partners' shares closed at $36.33 yesterday.
Janney Capital downgraded OfficeMax (NYSE: OMX) from “buy” to “neutral.” OfficeMax's shares closed at $12.09 yesterday.
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