Benzinga's Top Downgrades

Analysts at BMO Capital downgraded Cliffs Natural Resources CLF from “outperform” to “market perform.” The target price for Cliffs Natural has been lowered from $50 to $27. Cliffs Natural's shares closed at $23.78 yesterday. Analysts at Keefe Bruyette downgraded THL Credit TCRD from “outperform” to “market perform.” The target price for THL Credit is set to $15.75. THL Credit's shares closed at $15.87 yesterday. Analysts at Leerink downgraded Impax Laboratories IPXL from “outperform” to “market perform.” The target price for Impax Laboratories has been lowered from $23 to $16. Impax's shares closed at $20.00 yesterday. Raymond James downgraded Casella Waste Systems CWST from “strong buy” to “market perform.” Casella Waste's shares closed at $4.72 yesterday.