Benzinga's Top Downgrades
Analysts at Raymond James downgraded Caterpillar (NYSE: CAT) from “outperform” to “market perform.” The target price for Caterpillar has been lowered from $93.75 to $89. Caterpillar's shares closed at $83.76 yesterday.
Analysts at Deutsche Bank downgraded Panera Bread Company (NASDAQ: PNRA) from “buy” to “hold.” The target price for Panera Bread has been lowered from $185 to $145. Panera Bread's shares closed at $153.15 yesterday.
Analysts at JP Morgan downgraded CF Industries Holdings (NYSE: CF) from “overweight” to “neutral.” The target price for CF Industries is set to $210. CF's shares closed at $212.55 yesterday.
Keefe Bruyette & Woods downgraded Prosperity Bancshares (NYSE: PB) from “outperform” to “market perform.” Prosperity Bancshares' shares closed at $64.02 yesterday.
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