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Benzinga's Top Downgrades

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Analysts at Deutsche Bank downgraded McCormick & Company (NYSE: MKC) from “buy” to “hold.” The target price for McCormick has been lowered from $73 to $66. McCormick's shares closed at $65.30 yesterday.

JMP Securities downgraded Citrix Systems (NASDAQ: CTXS) from “market perform” to “market underperform.” The target price for Citrix Systems is set to $45. Citrix's shares closed at $57.60 yesterday.

Analysts at Goldman Sachs downgraded Denbury Resources (NYSE: DNR) from “neutral” to “sell.” The target price for Denbury Resources is set to $17. Denbury's shares closed at $16.04 yesterday.

JP Morgan downgraded Blackbaud (NASDAQ: BLKB) from “neutral” to “underweight.” Blackbaud's shares closed at $35.44 yesterday.

Posted-In: Top DowngradesDowngrades Analyst Ratings

 

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