Benzinga's Top Downgrades

Analysts at CLSA downgraded Chipotle Mexican Grill, Inc. CMG from Buy to Underperform. Chipotle shares rose 0.03 percent to close at $444.33 on Tuesday. Analysts at JP Morgan downgraded Clovis Oncology Inc CLVS from Overweight to Neutral. The target price for Clovis Oncology has been lowered from $42 to $15. Clovis Oncology shares closed at $14.24 on Tuesday. Wells Fargo downgraded Marathon Oil Corporation MRO from Outperform to Market Perform. Marathon Oil shares fell 2.59 percent to $12.78 in pre-market trading. Sterne Agee CRT downgraded Meritage Homes Corp MTH from Buy to Neutral. The target price for Meritage Homes is set to $40. Meritage Homes shares rose 0.03 percent to close at $38.45 on Tuesday. Deutsche Bank downgraded Seagate Technology PLC STX from Buy to Hold. Seagate shares declined 0.83 percent to $34.75 in pre-market trading. Analysts at Pacifc Crest downgraded Sprint Corp S from Sector Weight to Underweight. Sprint shares dropped 3.15 percent to $3.38 in pre-market trading. Piper Jaffray downgraded Steven Madden, Ltd. SHOO from Overweight to Neutral. Steven Madden shares closed at $35.04 on Tuesday. Analysts at Longbow Research downgraded Western Digital Corp WDC from Buy to Neutral. Western Digital shares rose 0.11 percent to $44.02 in pre-market trading. Analysts at Deutsche Bank downgraded Wynn Resorts, Limited WYNN from Buy to Hold. Wynn Resorts shares declined 0.43 percent to $96.77 in pre-market trading.