Benzinga's Top Downgrades
Analysts at Piper Jaffray downgraded Big 5 Sporting Goods (NASDAQ: BGFV) from “overweight” to “neutral.” The target price for Big 5 Sporting Goods has been lowered from $25 to $17. Big 5 Sporting's shares closed at $17.00 on Friday.
Bank of America downgraded Kennametal (NYSE: KMT) from “buy” to “neutral.” The target price for Kennametal has been raised from $46 to $50. Kennametal's shares closed at $46.39 yesterday.
RBC Capital downgraded IAC/InterActiveCorp (NASDAQ: IACI) from “outperform” to “sector perform.” The target price for IAC/InterActiveCorp is set to $56. IAC/InterActiveCorp's shares closed at $53.40 yesterday.
Analysts at Wedbush downgraded Steven Madden (NASDAQ: SHOO) from “outperform” to “neutral.” The target price for Steven Madden is set to $55. Steven Madden's shares closed at $53.65 yesterday.
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