Benzinga's Top Downgrades
Analysts at Wells Fargo downgraded Groupon (NASDAQ: GRPN) from “outperform” to “market perform.” The target price range for Groupon has been lowered from $6-$7 to $5-$6. Groupon's shares closed at $5.98 yesterday.
Analysts at Jefferies downgraded OGE Energy (NYSE: OGE) from “buy” to “hold.” The target price for OGE Energy has been lowered from $63.50 to $59. OGE Energy's shares closed at $58.23 yesterday.
Analysts at UBS downgraded Whiting Petroleum (NYSE: WLL) from “buy” to “neutral.” The target price for Whiting Petroleum has been lowered from $53 to $51. Whiting Petroleum's shares closed at $49.16 yesterday.
Morgan Stanley downgraded Saks (NYSE: SKS) from “equal weight” to “underweight.” The target price for Saks is set to $10. Saks' shares closed at $11.35 yesterday.
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