Benzinga's Top Downgrades

Citigroup downgraded AT&T Inc. T from Buy to Neutral. The price target for AT&T has been raised from $42 to $46. AT&T shares fell 0.84 percent to $42.74 in pre-market trading.
Analysts at Raymond James downgraded Bank of America Corp BAC from Outperform to Market Perform. Bank of America shares gained 0.16 percent to $12.88 in pre-market trading.
UBS downgraded Depomed Inc DEPO from Buy to Neutral. Depomed shares gained 3.79 percent to close at $20.55 on Wednesday.
Analysts at First Analysis downgraded Insperity Inc NSP from Overweight to Equal Weight. Insperity shares rose 0.51 percent to close at $78.70 on Wednesday.
Morgan Stanley downgraded Red Hat Inc RHT from Overweight to Equal Weight. Red Hat shares declined 0.86 percent to $71.56 in pre-market trading.
Analysts at Raymond James downgraded Wells Fargo & Co WFC from Outperform to Market Perform. Wells Fargo shares dropped 0.21 percent to $46.55 in pre-market trading.
Analysts at Nomura downgraded M&T Bank Corporation MTB from Buy to Neutral. The price target for M&T Bank has been lowered from $131 to $103. M&T Bank shares gained 0.49 percent to close at $113.42 on Wednesday.
Deutsche Bank downgraded First Solar, Inc. FSLR from Buy to Hold. The price target for First Solar has been lowered from $80 to $44. First Solar shares fell 3.77 percent to $47.28 in pre-market trading.
Barclays downgraded The Western Union Company WU from Equal-weight to Underweight. The price target for Western Union is set to $20. Western Union shares rose 0.26 percent to close at $19.18 on Wednesday.
Credit Suisse downgraded Knight Transportation KNX from Outperform to Neutral. The price target for Knight Transportation has been lowered from $28 to $26. Knight Transportation shares gained 0.97 percent to close at $26.99 on Wednesday.