Benzinga's Top Downgrades

Analysts at Raymond James downgraded MarketAxess Holdings Inc. MKTX from Outperform to Market Perform and removed the price target of $86.00. MarketAxess Holdings' shares closed at $88.80 on Friday. Analysts at Stifel Nicolaus downgraded IPG Photonics Corporation IPGP from Buy to Hold and removed the price target of $107.00. IPG Photonics' shares closed at $100.00 on Friday. RBC Capital downgraded Perrigo Company Public Limited Company PRGO from Outperform to Sector Perform. The price target for Perrigo has been lowered from $175.00 to $170.00. Perrigo's shares closed at $172.87 on Friday. Analysts at Barclays downgraded Wesco International Inc. WCC from Overweight to Equal-weight. The price target for Wesco International has been lowered from $80.00 to $73.00. Wesco International's shares closed at $68.57 on Friday.