Benzinga's Top Downgrades

Analysts at Wunderlich downgraded Panera Bread Company PNRA from “buy” to “hold.” The target price for Panera Bread Company has been lowered from $205 to $190. Panera Bread's shares closed at $185.82 yesterday. Analysts at Citigroup downgraded Equity Lifestyle Properties ELS from “buy” to “neutral.” The target price for Equity Lifestyle Properties is set to $40.50. Equity Lifestyle Properties' shares closed at $40.54 yesterday. Bank of America downgraded Telefonica SA TEF from “neutral” to “underperform.” Telefonica's shares closed at $15.36 yesterday. Analysts at Macquarie downgraded Walgreen Co WAG from “outperform” to “neutral.” The target price for Walgreen has been raised from $64 to $68. Walgreen's shares closed at $66.42 yesterday.