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Benzinga's Top Downgrades

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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.

Posted-In: Top DowngradesDowngrades Analyst Ratings


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