Benzinga's Top Downgrades

Analysts at Morgan Stanley downgraded SunTrust Banks STI from “overweight” to “equal-weight.” The target price for SunTrust Banks is set to $40. SunTrust's shares closed at $35.43 yesterday. Goldman Sachs downgraded Flextronics International FLEX from “neutral” to “sell.” The target price for Flextronics International has been lowered from $8 to $7. Flextronics International's shares closed at $7.45 yesterday. Analysts at JP Morgan downgraded AT&T T from “overweight” to “neutral.” The target price for AT&T is set to $38. AT&T's shares closed at $34.74 yesterday. Goldman Sachs downgraded Citigroup C from “conviction buy” to “neutral.” The target price for Citigroup has been raised from $58 to $60. Citigroup's shares closed at $52.13 yesterday.