Benzinga's Top Downgrades

Analysts at Evercore Partners downgraded Verizon Communications Inc. VZ from Buy to Hold. The price target for Verizon Communications has been lowered from $55 to $51. Verizon's shares closed at $47.18 yesterday. Analysts at JP Morgan downgraded KB Home KBH from Overweight to Neutral. The price target for KB Home has been lowered from $19.50 to $15. KB Home's shares closed at $13.87 yesterday. Analysts at HSBC downgraded JPMorgan Chase & Co. JPM from Neutral to Underweight. The price target for JPMorgan Chase has been lowered from $61 to $55.50. JPMorgan Chase's shares closed at $58.84 yesterday. Analysts at Goldman Sachs downgraded Red Hat, Inc. RHT from Neutral to Sell. The price target for Red Hat is set to $70. Red Hat's shares closed at $67.44 yesterday.