Benzinga's Top Downgrades

Analysts at Pivotal Research downgraded Interpublic Group of Companies, Inc. IPG from Buy to Hold. The price target for Interpublic Group has been lowered from $24 to $23. Interpublic Group shares closed at $21.81 on Friday. Analysts at Baird downgraded Qualys, Inc. QLYS from Outperform to Neutral. The price target for Qualys is set to $50. Qualys shares closed at $54.07 on Friday. Analysts at BB&T Capital downgraded Pentair plc PNR from Buy to Hold. Pentair shares closed at $62.66 on Friday. Analysts at Jefferies downgraded Helmerich & Payne, Inc. HP from Buy to Hold. The price target for Helmerich & Payne has been raised from $69 to $75. Helmerich & Payne shares closed at $73.08 on Friday. Pivotal Research downgraded Omnicom Group Inc. OMC from Hold to Sell. The price target for Omnicom has been lowered from $71 to $66. Omnicom shares closed at $78.62 on Friday. Analysts at Wells Fargo downgraded M&T Bank Corporation MTB from Market Perform to Underperform. M&T Bank shares closed at $124.39 on Friday. Bank of America downgraded Thompson Creek Metals Limited TC from Buy to Neutral. The price target for Thompson Creek Metals has been lowered from C$2.40 to C$2.00. Thompson Creek Metals shares closed at $1.44 on Friday. Needham downgraded Allot Communications, Ltd. ALLT from Buy to Hold. Allot Communications shares closed at $9.11 on Friday. Analysts at Stephens & Co. downgraded Rally Software Development Corp. RALY from Overweight to Equalweight. Rally Software shares closed at $15.90 on Friday. Analysts at CLSA downgraded Fluor Corporation FLR from Buy to Outperform. Fluor shares closed at $59.13 on Friday. Argus Research downgraded Philip Morris International, Inc. PM from Buy to Hold. Philip Morris shares closed at $77.90 on Friday.