Benzinga's Top Downgrades - Knight-Swift (NYSE:KNX), Illinois Tool Works (NYSE:ITW)

JPMorgan downgraded Valeant Pharmaceuticals Intl Inc VRX from Overweight to Neutral. The target price for Valeant has been lowered from $50 to $35. Valeant shares rose 0.97 percent to $21.85 in pre-market trading.
Morgan Stanley downgraded Tesla Motors Inc TSLA from Overweight to Equal-weight. The target price for Tesla has been lowered from $333 to $245. Tesla shares dropped 0.64 percent to $195.41 in pre-market trading.
Analysts at Avondale Partners downgraded Knight Transportation KNX from Market Perform to Market Underperform. The target price for Knight Transportation has been lowered from $27 to $21. Knight Transportation shares dropped 0.90 percent to close at $26.42 on Wednesday.
Analysts at Baird downgraded Illinois Tool Works Inc. ITW from Outperform to Neutral. Illinois Tool Works shares declined 0.25 percent to close at $105.80 on Wednesday.
Morgan Stanley downgraded SolarCity Corp SCTY from Overweight to Equal-weight. The target price for SolarCity has been lowered from $34 to $24. SolarCity shares fell 1.05 percent to $21.65 in pre-market trading.
Analysts at Citigroup downgraded Mettler-Toledo International Inc. MTD from Buy to Neutral. The target price for Mettler-Toledo has been raised from $382 to $400. Mettler-Toledo shares gained 0.85 percent to close at $377.94 on Wednesday.
JP Morgan downgraded LyondellBasell Industries NV LYB from Overweight to Neutral. The target price for LyondellBasell has been lowered from $100 to $80. LyondellBasell shares rose 0.67 percent to $79.50 in pre-market trading.

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