Benzinga's Top Downgrades

Analysts at Morgan Stanley downgraded eBay Inc EBAY from Equal-weight to Underweight. The target price for eBay has been lowered from $24 to $22.50. eBay shares closed at $25.31 on Monday. Raymond James downgraded Pandora Media Inc P from Outperform to Market Perform. Pandora shares rose 0.11 percent to close at $8.81 on Monday. Analysts at CLSA downgraded Freeport-McMoRan Inc FCX from Underperform to Sell. Freeport-McMoRan shares closed at $11.02 on Monday. Susquehanna downgraded Applied Materials, Inc. AMAT from Neutral to Negative. Applied Materials shares closed at $21.56 on Monday. Barclays downgraded Potash Corporation of Saskatchewan (USA) POT from Equal-weight to Underweight. The target price for Potash Corporation of Saskatchewan has been lowered from $16 to $14. Potash Corporation of Saskatchewan shares closed at $16.75 on Monday.