Benzinga's Top Downgrades

Analysts at FBR Capital downgraded EMC Corporation EMC from Outperform to Market Perform. The price target for EMC has been lowered from $31.00 to $28.00. EMC shares closed at $27.07 on Friday. Analysts at Deutsche Bank downgraded Ligand Pharmaceuticals Inc. LGND from Buy to Hold. Ligand Pharmaceuticals' shares closed at $93.93 on Friday. Analysts at Morgan Stanley downgraded Micron Technology, Inc. MU from Equal-weight to Underweight. The price target for Micron Technology has been lowered from $30.00 to $21.00. Micron Technology shares closed at $25.13 on Friday. Analysts at Keefe Bruyette & Woods downgraded Heritage Oaks Bancorp HEOP from Outperform to Market Perform. Heritage Oaks Bancorp shares closed at $8.74 on Friday. Wedbush downgraded Select Comfort Corp. SCSS from Outperform to Neutral. Select Comfort shares closed at $30.97 on Friday. Morgan Stanley downgraded SanDisk Corporation SNDK from Overweight to Equalweight. The price target for SanDisk has been lowered from $80.00 to $75.00. SanDisk shares closed at $66.10 on Friday. Wedbush downgraded Mattress Firm Holding Corp MFRM from Outperform to Neutral. Mattress Firm Holding shares closed at $58.45 on Friday.