Benzinga's Top Downgrades
Analysts at Sterne Agee downgraded Nordstrom (NYSE: JWN) from “buy” to “neutral.” The target price for Nordstrom has been lowered from $70 to $62. Nordstrom's shares closed at $59.33 yesterday.
Deutsche Bank downgraded Volterra Semiconductor (NASDAQ: VLTR) from “buy” to “hold.” The target price for Volterra Semiconductor has been raised from $18 to $23. Volterra's shares closed at $22.91 yesterday.
Bank of America downgraded Bemis Company (NYSE: BMS) from “buy” to “underperform.” The target price for Bemis Company has been raised from $43 to $44. Bemis's shares closed at $40.67 yesterday.
Analysts at Johnson Rice downgraded Transocean (NYSE: RIG) from “overweight” to “underweight.” Transocean's shares closed at $47.35 yesterday.
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