Benzinga's Top Downgrades

JP Morgan downgraded VeriFone Systems Inc PAY from Overweight to Neutral. The target price for VeriFone has been lowered from $34 to $24. VeriFone shares tumbled 28.42 percent to $20.20 in pre-market trading. Analysts at Jefferies downgraded Sunoco LP SUN from Hold to Underperform. The target price for Sunoco has been lowered from $35 to $23. Sunoco shares fell 0.77 percent to $33.46 in pre-market trading. BMO Capital downgraded Thor Industries, Inc. THO from Outperform to Market Perform. The target price for Thor Industries has been lowered from $72 to $67. Thor Industries shares rose 5.79 percent to close at $68.55 on Tuesday. Morgan Stanley downgraded AbbVie Inc ABBV from Overweight to Equal-weight. The target price for AbbVie has been lowered from $73 to $65. AbbVie shares fell 1.30 percent to $62.28 in pre-market trading. Analysts at Bernstein downgraded Marketo Inc MKTO from Outperform to Market Perform. Marketo shares slipped 0.03 percent to close at $35.16 on Tuesday. Analysts at Sterne Agee CRT downgraded Capital One Financial Corp. COF from Neutral to Underperform. Capital One Financial shares fell 0.69 percent to close at $72.35 on Tuesday. Deutsche Bank downgraded Liberty Media Group LMCA from Buy to Hold. The target price for Liberty Media has been lowered from $44 to $23. Liberty Media shares gained 0.27 percent to close at $20.11 on Tuesday. Analysts at Jefferies downgraded Targa Resources Corp TRGP from Buy to Hold. The target price for Targa Resources has been raised from $34 to $45. Targa Resources shares fell 0.36 percent to close at $44.80 on Tuesday.