UPDATE: Performance of Benzinga's Top Downgrades
Bank of America downgraded Canadian Imperial Bank of Commerce (NYSE: CM) from Buy to Neutral. The target price for Canadian Imperial Bank of Commerce has been lowered from $96 to $89. Canadian Imperial Bank of Commerce's shares closed at $76.90 yesterday. Stock down 1.77 percent to $75.54.
Analysts at Keefe Bruyette & Woods downgraded Aon plc (NYSE: AON) from Outperform to Market Perform. Aon's shares closed at $66.41 yesterday. Stock down 3.12 percent to $64.33.
Analysts at JP Morgan downgraded QR Energy LP (NYSE: QRE) from Overweight to Neutral. The target price for QR Energy has been lowered from $20 to $19. QR Energy's shares closed at $17.09 yesterday. Stock down 1.23 percent to $16.88.
Analysts at Lazard Capital Markets downgraded Panera Bread Company (NASDAQ: PNRA) from Buy to Neutral. Panera Bread's shares closed at $193.82 yesterday. Stock down 0.66 percent to $192.55.
Latest Ratings for CM
|Dec 2015||Credit Suisse||Maintains||Underperform|
|Dec 2015||Credit Suisse||Downgrades||Neutral||Underperform|
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