Benzinga's Top Downgrades

Analysts at Mizuho Securities downgraded Gap Inc GPS from Neutral to Underperform. The price target for Gap has been lowered from $35 to $26. Gap shares closed at $30.22 on Tuesday. Analysts at Needham downgraded Rentrak Corporation RENT from Strong Buy to Buy. The price target for Rentrak has been lowered from $85 to $60. Rentrak shares closed at $43.39 on Tuesday. Analysts at Wells Fargo downgraded Lantheus Holdings Inc LNTH from Outperform to Market Perform. Lantheus shares closed at $4.98 on Tuesday. UBS downgraded ITC Holdings Corp. ITC from Neutral to Sell. ITC shares closed at $33.24 on Tuesday. Piper Jaffray downgraded Barracuda Networks Inc CUDA from Overweight to Neutral. The price target for Barracuda Networks has been lowered from $40 to $20. Barracuda Networks shares closed at $23.56 on Tuesday. Morgan Stanley downgraded Abengoa Yield PLC ABY from Overweight to Equal-weight. The price target for Abengoa Yield has been lowered from $46 to $23. Abengoa Yield shares closed at $16.40 on Tuesday. Analysts at Imperial Capital downgraded Basic Energy Services, Inc BAS from Outperform to In-line. The price target for Basic Energy Services has been lowered from $10 to $4.75. Basic Energy Services shares closed at $3.60 on Tuesday. Analysts at Summit Research downgraded Baidu Inc (ADR) BIDU from Buy to Hold. The price target for Baidu has been lowered from $205 to $150. Baidu shares closed at $136.68 on Tuesday.