Benzinga's Top Downgrades

Analysts at JP Morgan downgraded J.M. Smucker Company (The) SJM from “overweight” to “neutral.” The target price for Smucker has been lowered from $123 to $118. Smucker's shares closed at $101.49 yesterday. Analysts at Jefferies downgraded Consolidated Edison ED from “hold” to “underperform.” The target price for Consolidated Edison has been lowered from $60 to $49. Consolidated Edison's shares closed at $56.94 yesterday. Analysts at Raymond James downgraded QUALCOMM QCOM from “strong buy” to “outperform.” The target price for QUALCOMM is set to $79. QUALCOMM's shares closed at $71.03 yesterday. Analysts at Goldman Sachs downgraded Philip Morris International PM from “conviction buy” to “neutral.” The target price for Philip Morris International has been lowered from $103 to $95. Philip Morris International's shares closed at $89.30 yesterday.