Benzinga's Top Downgrades

Analysts at RBC Capital downgraded PetSmart PETM from Outperform to Sector Perform. The target price for PetSmart is set to $66. PetSmart's shares closed at $70.03 yesterday. Jefferies downgraded GNC Holdings GNC from Buy to Hold. The target price for GNC Holdings has been lowered from $50 to $39. GNC Holdings' shares closed at $35.60 yesterday. Analysts at Compass Point downgraded PNC Financial Services Group PNC from Buy to Neutral. The target price for PNC Financial has been lowered from $96 to $86. PNC Financial's shares closed at $85.18 yesterday. Needham downgraded Covidien plc COV from Buy to Hold and removed the price target of $80. Covidien's shares closed at $88.93 yesterday.