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Analysts at Morgan Stanley downgraded Mead Johnson Nutrition (NYSE: MJN) from “overweight” to “equal-weight.” The target price for Mead Johnson Nutrition has been lowered from $87 to $76. Mead Johnson Nutrition' shares closed at $68.85 on Wednesday.

Analysts at Argus Research downgraded Emulex Corporation (NYSE: ELX) from “buy” to “hold.” Emulex's shares closed at $7.62 yesterday.

Analysts at Equita downgraded Telecom Italia S.P.A. (NYSE: TI) from “buy” to “hold.” Telecom Italia S.P.A.' shares closed at $6.70 on Wednesday.

Bank of America downgraded HollyFrontier (NYSE: HFC) from “buy” to “neutral.” HollyFrontier' shares closed at $40.59 yesterday.

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