Benzinga's Top Downgrades

Deutsche Bank downgraded Restoration Hardware Holdings Inc RH from Buy to Hold. The target price for Restoration Hardware has been lowered from $50 to $35. Restoration Hardware shares tumbled 19.72 percent to $28.95 in pre-market trading. Analysts at RBC Capital downgraded Chesapeake Energy Corporation CHK from Sector Perform to Underperform. Chesapeake Energy shares fell 2.41 percent to $4.85 in pre-market trading. UBS downgraded Dynegy Inc. DYN from Buy to Neutral. Dynegy shares fell 1.18 percent to $21.00 in pre-market trading. Analysts at Barclays downgraded Credit Suisse Group AG (ADR) CS from Overweight to Equal-weight. Credit Suisse shares declined 2.38 percent to $13.14 in pre-market trading. Brean Capital downgraded QUALCOMM, Inc. QCOM from Buy to Hold. Qualcomm shares fell 0.98 percent to $54.40 in pre-market trading. Macquarie downgraded Bank of Nova Scotia BNS from Outperform to Neutral. Bank of Nova Scotia shares gained 0.23 percent to close at $52.66 on Wednesday. Analysts at UBS downgraded Restoration Hardware Holdings Inc RH from Buy to Neutral. Restoration Hardware shares dipped 19.72 percent to $28.95 in pre-market trading. Analysts at Barclays downgraded Deutsche Bank AG (USA) DB from Overweight to Equal-weight. Deutsche Bank shares fell 1.70 percent to $16.76 in pre-market trading.