Benzinga's Top Downgrades

Analysts at Morgan Stanley downgraded Mead Johnson Nutrition 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 ELX from “buy” to “hold.” Emulex's shares closed at $7.62 yesterday. Analysts at Equita downgraded Telecom Italia S.P.A. TI from “buy” to “hold.” Telecom Italia S.P.A.' shares closed at $6.70 on Wednesday. Bank of America downgraded HollyFrontier HFC from “buy” to “neutral.” HollyFrontier' shares closed at $40.59 yesterday.