Benzinga's Top Downgrades
Analysts at Keefe Bruyette & Woods downgraded Franklin Resources (NYSE: BEN) from “outperform” to “market perform.” The target price for Franklin Resources has been lowered from $63 to $61. Franklin Resources' shares closed at $54.59 yesterday.
Analysts at Macquarie downgraded PPL (NYSE: PPL) from “outperform” to “neutral.” PPL's shares closed at $32.47 yesterday.
Citigroup downgraded LinnCo (NASDAQ: LNCO) from “buy” to “neutral.” The target price for LinnCo has been lowered from $41 to $31.50. LinnCo's shares closed at $27.65 yesterday.
Analysts at Buckingham Research downgraded Sonic (NASDAQ: SONC) from “buy” to “neutral.” Sonic's shares closed at $22.68 yesterday.
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