Market Overview

Benzinga's Top Downgrades

Related PETM
Benzinga's M&A Chatter for Thursday October 23, 2014
Markets Boosted From Strong Earnings Releases, Jobless Benefits
Facing Activist Pressure, PetSmart Reviews Capital Structure (Fox Business)
Related TRV
Markets In Rally Mode: S&P 500 And Nasdaq Surge As Dow Lags
UPDATE: Travelers Q3 Profit Beats Street View
Insurer Travelers's Profit Rises 17% in 1Q (Fox Business)

Analysts at Bank of America downgraded PetSmart (NASDAQ: PETM) from “neutral” to “underperform.” The target price for PetSmart has been lowered from $77 to $60. PetSmart's shares closed at $69.37 yesterday.

Analysts at Raymond James downgraded The Travelers Companies (NYSE: TRV) from “outperform” to “market perform” and removed the target price of $95. Travelers' shares closed at $85.50 yesterday.

Citigroup downgraded International Business Machines (NYSE: IBM) from “buy” to “neutral.” IBM's shares closed at $197.77 yesterday.

Analysts at JP Morgan downgraded Medtronic (NYSE: MDT) from “overweight” to “neutral.” The price target for Medtronic has been lowered from $69 to $64. Medtronic's shares closed at $58.08 yesterday.

Latest Ratings for PETM

Oct 2014BarclaysDowngradesOverweightEqual-weight
Sep 2014Bank of AmericaReinstatesUnderperform
Aug 2014BarclaysMaintainsOverweight

View More Analyst Ratings for PETM
View the Latest Analyst Ratings

Posted-In: Top DowngradesDowngrades Analyst Ratings


Related Articles (IBM + MDT)

Around the Web, We're Loving...

Get Benzinga's Newsletters