Benzinga's Top Downgrades
Analysts at Barclays downgraded International Business Machines (NYSE: IBM) from “overweight” to “equal-weight.” The target price for IBM has been lowered from $215 to $190. IBM's shares closed at $184.10 on Friday.
Bank of America downgraded QUALCOMM (NASDAQ: QCOM) from “buy” to “neutral.” The target price for QUALCOMM is set to $75. QUALCOMM's shares closed at $68.02 on Friday.
Analysts at Morgan Stanley downgraded Alcoa (NYSE: AA) from “overweight” to “equal-weight.” The target price for Alcoa is set to $90. Alcoa's shares closed at $7.96 on Friday.
Analysts at Macquarie downgraded C.H. Robinson Worldwide (NASDAQ: CHRW) from “neutral” to “underperform.” The target price for C.H. Robinson Worldwide has been lowered from $59.50 to $54. C.H. Robinson's shares closed at $58.48 on Friday.
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