Benzinga's Top Downgrades

Analysts at Canaccord Genuity downgraded Fairchild Semiconductor International FCS from “buy” to “hold.” The target price for Fairchild Semiconductor has been lowered from $16 to $12. Fairchild Semiconductor's shares closed at $12.37 yesterday. Analysts at BMO Capital downgraded Alpha Natural Resources ANR from “market perform” to “underperform.” The target price for Alpha Natural Resources has been raised from $5 to $4. Alpha Natural's shares closed at $5.97 yesterday. Analysts at Argus Research downgraded International Business Machines IBM from “buy” to “hold.” IBM's shares closed at $174.83 yesterday. Northland Securities downgraded Intuitive Surgical ISRG from “market perform” to “underperform.” The target price for Intuitive Surgical has been lowered from $370 to $275. Intuitive Surgical's shares closed at $399.13 yesterday.